Colliers has completed its acquisition of Montreal-area engineering firm Englobe for US$475 million in cash.

Laval, Que.-based Englobe’s 2,800 professionals provide civil, buildings, geotechnical, and environmental engineering, material testing and related consulting services to public and private sector clients primarily in the transportation, water, buildings, and power end markets.

Toronto-based Colliers announced the deal’s completion in a news release.

According to the terms of the transaction, Colliers acquired a “significant controlling interest” in the company. Englobe’s material management and beneficial reuse operations located in the U.K., France and Canada were not included in the deal.

“The acquisition of Englobe marks a significant entry for Colliers into the Canadian engineering marketplace and aligns perfectly with our strategy of enhancing our growing professional services and investment management company with high-value, resilient, and essential services,” said Jay Hennick, global chairman and CEO of Colliers said in an earlier news release.

Recurring earnings from engineering, investment management and outsourcing are expected to represent about 75% of the firm’s total earnings.”

With the acquisition, Colliers has expanded its engineering capabilities into Canada, building on successes in the U.S. and Australia.

Englobe will be rebranded as Colliers.

Photo: Englobe