Colliers acquires leading Canadian engineering firm Englobe
Torys acted as counsel to Colliers with a team led by Danielle Kline and that included Claire Chapman, Keira McKee and Danielle Marjoram (corporate/M&A), Tom Stevenson and Jennifer Lennon (employment), Andy Gibbons (real estate), Benjamin Mann and Vanessa Fisher (tax).
On June 03, 2024, Colliers International Group Inc. (“Colliers”) announced that it entered into a definitive agreement to acquire Englobe Corporation (“Englobe”). Under the terms of the transaction, Colliers would acquire a significant controlling interest in Englobe for approximately US$475 million in cash, payable at closing.
Englobe’s senior leadership team and employee shareholders remain shareholders in the business under Colliers’ unique partnership model. Englobe’s material management and beneficial reuse operations located in the UK, France and Canada are not included in the transaction.
Closing of the transaction was announced on July 30, 2024.
Further information can be found on Globe Newswire’s website.
Englobe is a leading multi-discipline engineering and environmental services firm with a well-established network of offices and facilities across Canada.
Colliers is a leading diversified professional services and investment management company, with operations in 68 countries.