Colliers adds leading Australian engineering firm
October 08 2024 - 4:00PM
Global diversified professional services and investment management
company, Colliers (NASDAQ, TSX: CIGI), announced today that
Colliers Engineering & Design Australia (“Colliers
Engineering”) has acquired TTM Group Pty Limited (“TTM”), a leading
transportation engineering consultancy headquartered in Brisbane,
Queensland.
The addition will augment Colliers Engineering’s
overall scale and add new traffic and transportation capabilities
across Queensland, New South Wales, and Victoria. TTM’s senior
leadership team will become shareholders in the Colliers
Engineering platform under Colliers’ unique partnership model. The
business will rebrand as “Colliers Engineering & Design” and
fully integrate into the rapidly expanding Colliers Engineering
platform. Terms of the transaction were not disclosed.
Founded in 1982, TTM’s 65 professionals operate
from four offices across Australia. They provide transportation and
traffic engineering and design, specialty acoustics, data
collection, and waste management design and consulting to private
and public sector clients.
“The acquisition of TTM represents the third
follow-on investment since Colliers entered Australia’s engineering
consultancy market in 2022, highlighting the attractiveness of our
unique partnership philosophy, enterprising culture, and long-term
growth ambitions,” said John Kenny, CEO Colliers Asia Pacific. “Our
approach continues to differentiate Colliers and attract
best-in-class firms to our platform, and we are delighted to
welcome the talented professionals from TTM.”
“TTM will help expand our transportation
capabilities, qualifications, and relationships across Australia,
allowing us to provide an enhanced suite of essential and valuable
development and infrastructure-related services to clients,” said
Brent Thomas, Managing Director of Colliers Engineering &
Design Australia. “The TTM team has a long history of working on
important public infrastructure and private developments. We are
excited to be partnering with them.”
“Joining an entrepreneurial firm with a national
and global platform like Colliers Engineering was a natural next
step for TTM,” said Brian Camilleri, Principal Director of TTM, who
will become Colliers Engineering’s National Director –
Transportation. “We were attracted to Colliers’ strong brand and
entrepreneurial culture, which will enable our professionals to
capitalize on the tremendous opportunity to work on major
development and transportation infrastructure projects in the
country.”
Colliers ContactsJohn KennyChief Executive
Officer | Asia Pacific+61 2 9257 0222
Brent ThomasManaging Director | Colliers Engineering &
Design Australia+61 3 9562 7424
TTM ContactBrian CamilleriPrincipal Director+07
3327 9500
About ColliersColliers (NASDAQ, TSX: CIGI) is a
leading diversified professional services and investment management
company. With operations in 68 countries, our 22,000 enterprising
professionals work collaboratively to provide expert real estate
and investment advice to clients. For more than 29 years, our
experienced leadership with significant inside ownership has
delivered compound annual investment returns of approximately 20%
for shareholders. With annual revenues of more than $4.4 billion
and $96 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,
X @Colliers or LinkedIn.
Colliers (TSX:CIGI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Colliers (TSX:CIGI)
Historical Stock Chart
From Nov 2023 to Nov 2024