Colliers acquires BESTECH Canada

Executive Summary

• Colliers International Group Inc.'s engineering platform, Englobe Corp., has acquired BESTECH Canada Ltd., a multidisciplinary engineering consulting firm based in Ontario.
• The acquisition is part of Colliers' strategy to expand its capabilities in the Canadian resources industry and strengthen its operational footprint in Ontario.
• BESTECH’s senior leadership team will assume key leadership roles within Englobe and will become shareholders of Englobe under Colliers' partnership model.

Key Details

• Acquirer: Englobe Corp. (a platform of Colliers International Group Inc.).
• Target: BESTECH Canada Ltd. (BESTECH).
• Target Profile: Founded in 1995, BESTECH employs over 100 professionals providing mining, automation, electrical, power systems, structural, civil, and mechanical services to mining clients.
• Transaction Structure: BESTECH’s senior team will play a key role in leadership going forward and will become shareholders of Englobe under Colliers' unique partnership model.
• Financial Terms: Specific financial terms of the transaction were not disclosed.
• Strategic Rationale: The acquisition aims to expand Englobe's capabilities in the Canadian resources industry and bolster its footprint in Ontario, leveraging BESTECH's history of providing innovative solutions to mining sector clients.

Notable Quotes

• Mike Cormier, President of Englobe: "This investment accomplishes two key strategic priorities of expanding our capabilities in the Canadian resources industry and bolstering our footprint in Ontario... BESTECH's long history of providing innovative solutions to clients in the mining sector enhances Englobe's expertise and qualifications in this important and growing market."
• Marz Kord, President of BESTECH: "The ability to leverage Englobe's capabilities and infrastructure to offer unparalleled client outcomes and employee experience made this partnership the logical next step for us... We are pleased to join forces with a respected, global professional services firm that shares our culture predicated on the success of our clients and better ownership and career opportunities for our people."