Colliers Enters Definitive Deal To Acquire Australia's Pritchard Francis Consulting Pty Limited; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Colliers has entered a definitive agreement to acquire Australia's Pritchard Francis Consulting Pty Limited. The senior leadership of Pritchard Francis will continue to lead the business and become significant shareholders in Colliers' Engineering platform.
September 03, 2024 | 11:08 am
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Colliers International Group Inc. (CIGI) is acquiring Pritchard Francis Consulting Pty Limited, expanding its engineering platform in Australia. This acquisition could enhance Colliers' market position and growth prospects.
The acquisition of Pritchard Francis Consulting by Colliers is a strategic move to strengthen its engineering platform in Australia. The continuation of Pritchard Francis' leadership and their integration into Colliers' partnership model suggests a smooth transition and potential for growth. This is likely to positively impact Colliers' stock in the short term.
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