Colliers has agreed to acquire Triovest from Coril Holdings for an undisclosed price.

Toronto-based Colliers announced Tuesday that it has entered into a definitive agreement to purchase the prominent commercial real estate services firm.

The deal will see Triovest rebrand under the Colliers name and fully integrate its operations.

The combined entity will employ more than 3,000 professionals across the country, manage 95 million square feet of commercial real estate and oversee more than $15 billion in projects under development. The acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions.

“The addition of Triovest cements our position as the largest real estate services firm in Canada, while strengthening our capabilities in asset and development management,” said Brian Rosen, president and CEO of Colliers Canada. “Over the years, we have built a highly differentiated business model by integrating our full suite of services to better meet the requirements of our clients.”

Founded in 1995, Triovest has grown into one of the country’s largest private commercial real estate services platforms. Under Coril’s ownership, the company has managed 36 msf and overseen $2.5 billion in development projects for a wide range of institutional and private clients. Triovest offers asset management, property management, development management, and advisory services across all major commercial property types, and generated approximately $70 million in revenue in 2024.

“After many years as a privately held company, we believe now is the time to accelerate Triovest’s growth by merging its operations with Canadian-based Colliers, one of the top global players in commercial real estate,” said Deanna Zumwalt, president and CEO of Calgary-based Coril.

She said the deal will give Triovest greater access to resources and global client relationships. Triovest has worked with Colliers for many years and, as a significant CRE owner, will continue to collaborate closely with the firm.

Pictured: Triovest-managed office building at 44 Capital Boulevard in Edmonton.

Photo: Triovest

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