Colliers Expands Canadian Engineering Capabilities with Acquisition of BESTECH Canada Limited

Colliers' Englobe Corporation acquires BESTECH, enhancing capabilities in Canadian resources and expanding its Ontario presence.

Quiver AI Summary

Colliers, a global professional services and investment management company, announced the acquisition of BESTECH Canada Limited, an Ontario-based multidisciplinary engineering consulting firm, by its Canadian engineering platform, Englobe Corporation. The senior team at BESTECH will take on leadership roles within Englobe and become shareholders, emphasizing Colliers' unique partnership model. Established in 1995, BESTECH specializes in various services for the mining industry, boasting over 100 professionals. This acquisition aims to enhance Englobe's capabilities in the Canadian resources sector and expand its presence in Ontario. Both companies expressed optimism about the partnership, highlighting the mutual benefits for clients and employees.

Potential Positives

Colliers expands its capabilities in the Canadian resources industry through the acquisition of BESTECH, enhancing its expertise in the mining sector.
The partnership fosters a unique model where BESTECH’s senior team becomes shareholders in Englobe, aligning their interests with the company’s growth.
This acquisition bolsters Colliers' footprint in Ontario, a strategically important market for its engineering services.
BESTECH’s reputation for innovative solutions complements Englobe’s offerings, promising improved client outcomes and experiences.

Potential Negatives

Terms of the transaction were not disclosed, which raises concerns about transparency and potential undisclosed liabilities or risks associated with the acquisition.
The focus on the mining sector could indicate a risk of over-reliance on a single industry, which may be prone to volatility and economic fluctuations.
The acquisition of BESTECH, while aimed at expansion, could lead to integration challenges and cultural mismatches that might hinder operational efficiency and employee retention in the long term.

FAQ

What is the recent acquisition made by Colliers?

Colliers' Canadian engineering platform, Englobe Corporation, has acquired BESTECH Canada Limited, a multidisciplinary engineering consulting firm in Ontario.

How does the acquisition benefit Englobe?

The acquisition enhances Englobe’s capabilities in the Canadian resources industry and strengthens its footprint in Ontario.

Who will lead after the acquisition?

BESTECH’s senior team will play a key role in leadership and become shareholders of Englobe under Colliers’ partnership model.

What services does BESTECH provide?

BESTECH offers services in mining, automation, electrical, power systems, structural, civil, and mechanical engineering.

What is Colliers’ business model?

Colliers operates on a unique partnership model that drives growth, value creation, and employee ownership opportunities within the firm.

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 SUDBURY, Ontario, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that its Canadian engineering platform, Englobe Corporation (“Englobe”), has acquired BESTECH Canada Limited (“BESTECH”), a leading multidisciplinary engineering consulting firm in Ontario. BESTECH’s senior team will play a key role in leadership going forward and will become shareholders of Englobe under Colliers’ unique partnership model. Terms of the transaction were not disclosed.

Founded in 1995, BESTECH’s over 100 professionals provide mining, automation, electrical, power systems, structural, civil, and mechanical services to mining clients.

“This investment accomplishes two key strategic priorities of expanding our capabilities in the Canadian resources industry and bolstering our footprint in Ontario,” said Mike Cormier, President of Englobe. “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.”

“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,” said Marz Kord, President of BESTECH. “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.”

Colliers Contacts
Elias Mulamoottil
Chief Investment Officer
(416) 960-9500

Mike Cormier
President | Englobe
(514) 281-5151

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 $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 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 , X @Colliers or LinkedIn .