Colliers Announces Acquisition of Controlling Interest in Ethos Urban Pty Limited in Australia

Colliers announces acquisition of Ethos Urban, enhancing its urban planning services in Australia while retaining Ethos Urban's leadership.

Quiver AI Summary

Colliers has announced its agreement to acquire a controlling interest in Ethos Urban Pty Limited, a prominent urban planning and design firm in Australia, with the transaction expected to close in the first half of 2025. Ethos Urban, which employs 160 professionals across Sydney, Melbourne, and Brisbane, will retain its senior leadership as significant shareholders under Colliers' partnership model and will be rebranded later in the year. This acquisition aligns with Colliers' strategy to expand its operations in the region, leveraging its established reputation and connections in the Australian real estate market. Ethos Urban's leadership sees the partnership as an opportunity to capitalize on Australia's urbanization while enhancing resources for their team, indicating strong potential for collaborative growth.

Potential Positives

• Colliers has acquired a controlling interest in Ethos Urban, enhancing its capabilities in urban planning and design services.
• The acquisition aligns with Colliers' strategy of successful partnerships, with Ethos Urban's leadership team remaining significant shareholders and maintaining entrepreneurial culture.
• This partnership is expected to leverage Colliers' established reputation and deep connections in the Australian market, allowing for growth in operations and cross-selling of services.
• The transaction indicates Colliers' commitment to expanding its presence in Australia’s urbanization, tapping into significant market potential.

Potential Negatives

• Failure to disclose the terms of the acquisition could lead to speculation and uncertainty regarding the financial impact on the company.


• The press release lacks detailed information on how the acquisition will specifically enhance Colliers' market position or operational efficiency.


• The statement indicates that the transaction is subject to customary closing conditions, which introduces potential delays or complications that could affect integration plans.

FAQ

What is the recent acquisition by Colliers?

Colliers has entered into an agreement to acquire a controlling interest in Ethos Urban, an urban planning advisory firm in Australia.

When is the acquisition of Ethos Urban expected to close?

The transaction is expected to close in the first half of 2025, subject to customary closing conditions.

What services does Ethos Urban provide?

Ethos Urban offers planning, urban design, engagement, and economic & social advisory services for both public and private sector clients.

Will Ethos Urban retain its leadership after the acquisition?

Yes, Ethos Urban's senior leadership team will remain significant shareholders and continue to lead the business under Colliers' partnership model.

How has Colliers performed in the past with acquisitions?

Colliers has a strong track record of successful acquisitions, leveraging established reputation and connections in the Australian market to grow its businesses.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

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Full Release

TORONTO and SYDNEY, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that it has entered into an agreement to acquire a controlling interest in Ethos Urban Pty Limited (“Ethos Urban”), an award-winning urban planning and design advisory firm in Australia. Ethos Urban’s senior leadership team will remain significant shareholders in the business under Colliers’ unique partnership model. The transaction is subject to customary closing conditions and is expected to close in the first half of 2025. The business will be rebranded as Colliers in the second half of 2025. Terms of the transaction were not disclosed.

Founded in 1992, Ethos Urban employs 160 professionals across its three offices in Sydney, Melbourne, and Brisbane, providing planning, urban design, engagement and economic & social advisory services for public and private sector clients.

“Ethos Urban’s long and impressive track record of successful projects, together with its entrepreneurial culture and significant ongoing ownership in the business, makes it a perfect fit for Colliers”, said John Kenny, CEO Colliers | Asia Pacific. “Their talented professionals provide a highly valued service that has accelerated Australia’s urbanization and development over many years. We are excited to welcome them as partners and work collaboratively to expand their operations in existing and new markets.”

“Ethos Urban is the latest in several successful acquisitions that Colliers has made in the region,” said Chris McLernon, Chief Executive Officer of Real Estate Services | Global at Colliers. “We see tremendous potential with this partnership and expect to leverage our brand, established reputation, and deep connections in the Australian real estate and infrastructure market to grow the business and cross-sell services to our combined client base.”

“Joining an entrepreneurial organization like Colliers was a natural progression for our firm,” said Mark Stefanac, Chief Executive Officer of Ethos Urban. “This partnership enables us to further capitalize on Australia's urbanization, while providing our professionals with the resources, opportunities, and relationships they need to continue to deliver exceptional outcomes for our clients nationwide.”

Colliers Contact



John Kenny


Chief Executive Officer | Asia Pacific


+61 2 9257 0222

Ethos Urban Contact



Mark Stefanac


Chief Executive Officer


+61 2 9956 9662

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With annual revenues exceeding $4.8 billion, a team of 23,000 professionals, and $99 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at

corporate.colliers.com

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@Colliers

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.