- Midwest Operations to Strengthen Global Powerhouse -
SEATTLE and KANSAS CITY, Mo., Dec. 3, 2010 /PRNewswire/ -- Building upon the explosive growth of its domestic operations, Colliers International today announced that it has acquired a controlling interest in Kansas City's leading commercial real estate services firm, The Winbury Group. With today's development, nine market leaders have integrated their operations into the third largest global player and rebranded as Colliers International over the past year.
By merging with Colliers International, The Winbury Group will immediately evolve from a locally owned top-performing operation to a key component of one of the world's largest and most sophisticated real estate companies, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.
"With today's news, we are continuing our systematic strategy to seize additional market share in the U.S.," said Dylan Taylor, chief executive officer of Colliers International in the U.S. "Our U.S. continued expansion further solidifies our ability to provide the best service to our clients and the best career opportunities for our professionals. The Winbury Group is the clear market leader in greater Kansas City and we see very high alignment between the two firm's cultures."
Ted Murray, who serves as the CEO of The Winbury Group, adds: "After serving our clients for more than two decades throughout the Kansas City region and the country, we are thrilled to join Colliers International, a global industry leader. Our ongoing commitment to deliver the highest-quality commercial real estate services in the region will be significantly enhanced by this merger. Our clients will continue to rely on our local market knowledge and connections, but going forward they also will benefit from the national and international growth opportunities and resources of Colliers."
The Winbury Group is a full-service commercial real estate firm based in Kansas City, Missouri. The firm also has an office in nearby Lawrence, Kansas. Founded in 1989, the firm currently boasts more than 100 employees and real estate advisors. During its 21 years in business, The Winbury Group has consistently delivered transaction, consulting, property and asset management services in addition to strategic planning expertise on behalf of both corporate and investment-grade clients, both on a local and national level.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (Nasdaq: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.
CONTACT: Parke Chapman, +1-212-889-0808, email@example.com, for Colliers International
SOURCE Colliers International