NEW YORK and TORONTO, May 4, 2015 (GLOBE NEWSWIRE) -- FirstService Corporation (Nasdaq:FSRV) (TSX:FSV) announced today that its subsidiary, Colliers International ("Colliers") has acquired CASE Commercial Real Estate Partners LLC ("CASE"), a leading independent commercial real estate advisory firm in Texas. Founded in 1986, CASE provides a broad spectrum of commercial real estate services that include strategic planning, investment sales, corporate solutions, brokerage, property management and lease administration services to private, public and institutional clients. CASE will immediately rebrand to Colliers International and its key professionals including Tom Sutherland, John Conger, Jim Eagle and John Bowles, as well as their team, will join the firm. Terms of the transaction were not disclosed.
"One of our key priorities is to expand our business in major metropolitan markets like the Dallas/Fort Worth area," said Craig Robinson, President of Colliers International USA. "Gaining an experienced, deep, and enterprising team of 50 professionals will not only strengthen our operations but expand our business nationally in the areas of medical office, retail and private investment sales," he concluded.
"Colliers International's comprehensive global platform and state-of-the-art tools will allow our team to further elevate client services while continuing to foster the entrepreneurial, hands-on approach we've become known for," said Tom Sutherland, of CASE Commercial Real Estate Partners. "This fruitful partnership, which is built upon a highly aligned set of values and goals, will ultimately propel our philosophy of providing unmatched client service and expertise to the next level."
John Conger, Principal of CASE Commercial Real Estate Partners remarked, "Over the years, we have been approached by most of the national/global brokerage firms in the U.S., but it wasn't until learning of Colliers International's unique culture and commitment to being the best real estate company, coupled with this exciting inflection point in time of Colliers' dynamic growth, did the fit seem right."
FirstService is a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. FirstService manages more than 2.5 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International – one of the largest global players in commercial real estate services; FirstService Residential – North America's largest manager of residential communities; and FirstService Brands – one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.
FirstService generates more than US$2.7 billion in annual revenues and has more than 24,000 employees world-wide. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders since becoming a publically listed company in 1993. The subordinate voting shares of FirstService trade on the NASDAQ under the symbol "FSRV" and on the TSX under the symbol "FSV". More information is available at www.firstservice.com.
ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 16,300 professionals operating out of more than 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers 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 insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals' Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.
CONTACT: FIRSTSERVICE CONTACT: John Friedrichsen Senior Vice President & CFO (416) 960-9500 COLLIERS CONTACT: Craig Robinson, President, Colliers International | USA (212) 716-3540Source:FirstService Corporation