TORONTO AND MINNEAPOLIS—Colliers International said Monday afternoon that it had acquired WelshCo LLC, its Twin Cities affiliate since 2010. Terms of the acquisition, which includes Welsh's brokerage, property management, facilities and architecture divisions, were not disclosed.
“This addition is the latest in a series of targeted strategic acquisitions across the U.S., specifically in the important Midwest region,” says Steve Everbach, president | Central Region at Colliers. “Adding our high-performing Minnesota affiliate as a fully integrated part of our global platform will further strengthen our company nationally and help leverage their managerial talents in other regions.”
Jean Kane, CEO of Welsh since 2001, calls the partnership with Colliers “the next evolution of our business, given our shared culture and focus on service excellence. All of us in our Twin Cities offices are extremely excited about our extended relationship with Colliers International. By partnering with Colliers and leveraging the size, capital and established infrastructure of the Colliers global platform, we will stimulate the growth of our business and be positioned better than ever to serve the expanding needs of our clients and accelerate their success.”
The “the true full service platform” that Kane and her 240-member team offer to clients is among the key attributes of Welsh, Marty Pupil, president | US brokerage, tells GlobeSt.com. “Very few firms are as fully integrated as they are from brokerage to architectural services. In addition, being the number one player in such a thriving market always makes it easy to like a firm.”
On a regional basis, says Pupil, “the Twin Cities market is growing, with tons of national occupiers looking to grow in the area. This acquisition will help us win business in a booming region. As you know, where the tenants want to be, the investors want to invest. So from that perspective, it helps that side of the business as well.”
At the same time, the acquisition by Colliers will enable the Welsh team “to increase service offerings that they currently do not have for both occupiers and investors,” Pupil says. He cites workplace strategy is one example.
Pupil says that among specific service offerings that Kane and the Welsh team provide, the facility management and architectural services expertise will be an especially valuable addition to Colliers' company-owned operations. “I'm excited to see how we can grow and leverage that into our national business,” he says.
TORONTO AND MINNEAPOLIS—Colliers International said Monday afternoon that it had acquired WelshCo LLC, its Twin Cities affiliate since 2010. Terms of the acquisition, which includes Welsh's brokerage, property management, facilities and architecture divisions, were not disclosed.
“This addition is the latest in a series of targeted strategic acquisitions across the U.S., specifically in the important Midwest region,” says Steve Everbach, president | Central Region at Colliers. “Adding our high-performing Minnesota affiliate as a fully integrated part of our global platform will further strengthen our company nationally and help leverage their managerial talents in other regions.”
Jean Kane, CEO of Welsh since 2001, calls the partnership with Colliers “the next evolution of our business, given our shared culture and focus on service excellence. All of us in our Twin Cities offices are extremely excited about our extended relationship with Colliers International. By partnering with Colliers and leveraging the size, capital and established infrastructure of the Colliers global platform, we will stimulate the growth of our business and be positioned better than ever to serve the expanding needs of our clients and accelerate their success.”
The “the true full service platform” that Kane and her 240-member team offer to clients is among the key attributes of Welsh, Marty Pupil, president | US brokerage, tells GlobeSt.com. “Very few firms are as fully integrated as they are from brokerage to architectural services. In addition, being the number one player in such a thriving market always makes it easy to like a firm.”
On a regional basis, says Pupil, “the Twin Cities market is growing, with tons of national occupiers looking to grow in the area. This acquisition will help us win business in a booming region. As you know, where the tenants want to be, the investors want to invest. So from that perspective, it helps that side of the business as well.”
At the same time, the acquisition by Colliers will enable the Welsh team “to increase service offerings that they currently do not have for both occupiers and investors,” Pupil says. He cites workplace strategy is one example.
Pupil says that among specific service offerings that Kane and the Welsh team provide, the facility management and architectural services expertise will be an especially valuable addition to Colliers' company-owned operations. “I'm excited to see how we can grow and leverage that into our national business,” he says.
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