Colliers adds building consultancy and project management leader in the United Kingdom
May 09 2022 - 6:30AM
Leading diversified professional services and investment management
company, Colliers (NASDAQ and TSX: CIGI), announced today it has
acquired a majority interest in Paragon Building Consultancy
Holdings Limited (“Paragon”), one of the UK’s top independent
building consultancy and project management firms. Paragon will be
combined with Colliers’ existing project management business
bringing scale and additional capabilities in the UK and Europe.
Paragon’s senior management team will lead the combined operations
and retain significant equity going forward under Colliers’ unique
partnership model. Financial terms were not disclosed.
Founded in London in 2009, Paragon’s 150 professionals from the
firm’s six UK offices provide building surveying, project
management, environmental assessments, and energy &
sustainability consulting to owners, investors, and users of real
estate.
“Our new partnership with Paragon strengthens our capabilities
within the UK and extends our reach into Europe allowing us to
better serve our clients’ needs,” said Tony Horrell, Chief
Executive Officer of Colliers | UK and Ireland. “Paragon’s
reputation in the industry is second to none, and this acquisition
represents Colliers’ continued commitment to providing
best-in-class services to maximize the potential of our clients’
assets and properties.”
“Our partnership with Colliers is the next step in our firm’s
evolution especially given our shared culture and commitment to
service excellence,” said Paragon co-founding partner John Munday,
who will take on the role of Co-Head of the combined business.
“This transaction marks a significant milestone for Paragon and
will help propel our growth in the coming years.”
“Colliers’ well-known global brand and platform, and strong
client relationships both locally and internationally, unlock many
new opportunities for us,” said Paragon co-founding partner Robert
Perry, who will join John Munday as Co-Head of the combined
business. “Colliers has a strong entrepreneurial culture, together
with the scale, financial resources, and industry leadership we
were looking for in a partner. Leveraging all that Colliers has to
offer will be of great advantage to our company, its professionals,
and partners in the years to come. We could not be more excited
about our prospects for the future.”
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified
professional services and investment management company. With
operations in 62 countries, our 17,000 enterprising professionals
work collaboratively to provide expert real estate and investment
advice to clients. For more than 27 years, our experienced
leadership with significant inside ownership has delivered compound
annual investment returns of 20% for shareholders. With annual
revenues of $4.3 billion and $57 billion of assets under
management, Colliers maximizes the potential of property and real
assets to accelerate the success of our clients, our investors and
our people. Learn more at corporate.colliers.com,
Twitter @Colliers or LinkedIn.
Company Contacts:
Christian MayerChief Financial Officer(416) 960-9500
Tony HorrellCEO | UK and Ireland+44 20 7935 4499
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