Colliers adds Western Canadian specialty engineering services firm

Executive Summary

• Colliers’ Canadian engineering platform, Englobe Corporation, has acquired Tetranex Solutions Inc., a leading multidisciplinary engineering consulting firm in Alberta.
• The transaction terms were not disclosed; Tetranex’s senior team will become shareholders of Englobe and assume leadership roles.
• The acquisition expands Englode’s presence in the energy sector, aligning with Colliers’ growth strategy and long‑term tailwinds from rising electricity demand.

Key Details

• Acquirer: Englobe Corporation (Canadian engineering platform of Colliers).
• Target: Tetranex Solutions Inc., provider of electrical, instrumentation & controls, automation, and procurement services to oil & gas, agri‑food, and industrial sectors.
• Transaction Structure: Not disclosed; senior Tetranex team will receive equity in Englobe and join its leadership team.
• Strategic Rationale: Establishes a “beachhead” in the energy sector for Colliers/Englobe, leveraging long‑term demand growth for electricity and expanding service capabilities.
• Leadership Comments:
• Mike Cormier (President, Englobe) highlighted the acquisition as reaffirming growth ambition and positioning Englobe as an “acquirer‑of‑choice” in Canadian engineering services.
• David Harman (President, Tetranex) expressed enthusiasm for joining a larger platform that aligns culturally and offers scale to accelerate growth.

Notable Quotes

• “This transaction reaffirms our growth ambition by establishing a beachhead in the energy sector, a market poised to benefit from long‑term tailwinds driven by increased demand for electricity.” – Mike Cormier, President, Englobe
• “We are thrilled to partner with a well‑respected firm whose culture and values align with ours… provides our professionals with the scale, expertise and collaborative environment to strengthen our client offering and accelerate our growth.” – David Harman, President, Tetranex