Colliers buys Western Australian engineering firm Pritchard Francis, no terms

Global diversified professional services and investment management company, Colliers announced that Colliers Engineering & Design Australia has entered into a definitive agreement to acquire Pritchard Francis Consulting Limited , one of Western Australia’s leading multi-discipline engineering consulting firms.Pritchard Francis’ senior leadership team will continue to lead the business in Western Australia and become significant shareholders in the Colliers Engineering platform under the unique Colliers partnership model. The business will rebrand as “Colliers Engineering & Design” and fully integrate into Colliers’ rapidly growing engineering operations. The transaction is subject to customary closing conditions and is expected to close by the end of this year. Terms of the transaction were not disclosed. “Following our successful expansion into New South Wales last year, this investment accomplishes another strategic objective in our goal to become one of Australia’s premier engineering consulting firms,” said John Kenny, CEO ? Colliers Asia Pacific. “We are proud of the differentiated business we have built by leveraging the Colliers brand, infrastructure and enterprising culture that allow us to attract the best talent to our organization.” ”