Colliers International Expands in Michigan with Affiliate Acquisition

GRAND RAPIDS, Mich., March 13, 2017 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced the acquisition of its operation in Holland, MI. The move follows the 2016 acquisition of Colliers in West Michigan and will further build on the company’s market-leading position in the Great Lakes state, the 13th largest economy of the 50 states in the U.S.

Along with Colliers operations in Southfield, Ann Arbor and Lansing, this acquisition represents the final step in unifying the company’s operations across all corners of the state.

“Joining forces with Colliers International Group in 2016 opened the opportunity to acquire operations in neighboring Holland, fully integrating all the operations in Western Michigan,” said Duke Suwyn, CEO of Colliers International West Michigan. “By adding these highly-skilled professionals, Colliers International will now become even more dominant in this vibrant region.”

“We have been partners with Colliers International for many years, so this was a natural next step for us,” said Kris DePree, President of Colliers International in Holland, MI. “By combining our operations in Western Michigan, we will be able to leverage the size, resources and infrastructure of the Colliers International brand and global platform, to continue growing our business and better service our clients locally, nationally and globally.”

“This addition is the latest in a series of strategic acquisitions that we have completed across the U.S., specifically in the important Midwest region, including acquisitions in West Michigan, St. Louis and Indianapolis,” said Steve Everbach, Colliers International President Central Region. “The Holland team will add to the already dominant position Colliers International holds in this important state.”

About Colliers International Group
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

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Source:Colliers International Group Inc.