Colliers International has acquired one of the Northeast’s leading project management firms, Strategic Building Solutions (SBS), based in Madison, Connecticut.
SBS, which will rebrand to Colliers International, expands Colliers’ project management expertise in the Northeast to provide energy sustainability management, commissioning and retro-commissioning services.
SBS currently manages $1 billion worth of projects and 10 million gross square feet of LEED® registered space within their commissioning and energy services group.
“The acquisition of SBS furthers Colliers’ goal of providing clients with an unmatched level of committed service and expertise,” said Craig Robinson, President | USA, Colliers International.
“With nearly 20 years of experience executing such services as facilities planning, energy management and construction program management, this acquisition ensures our clients are continually delivered a robust set of tools to address their business needs.”
The integration of SBS builds on Colliers’ global project management services, adding 70 professionals with expertise across multiple industry sectors including financial services, industrial and logistics, healthcare, education, hospitality and more.
SBS is also a leader in sustainability and provided commissioning services for three of the nation’s first 10 LEEDregistered projects. The team joins the 990 project management professionals, 40 percent of whom are LEED®accredited, that Colliers has globally.
“We are continuously evolving to stay at the forefront of the dynamic facilities environment in order to meet the ever-changing needs of our clients,” said Jon Winikur, principal of SBS.
“The integration with Colliers allows us to expand the services, markets and expertise we offer our clients and grow our business. We are particularly excited to be able to retain equity in the future of our company in partnership with such a well-respected organization as Colliers International.”
Over the past two decades, SBS has grown throughout the Northeastern U.S. region with offices in Connecticut, Massachusetts, New York, Pennsylvania and Washington D.C. The firm’s locations, staff and leadership will remain, rebranding to Colliers International.
The Colliers announcement comes following two big moves by CBRE to bolster its facilities management service line.
Earlier this month, CBRE announced it would pay $1.48 billion to buy Johnson Controls Inc.’s facilities management operations.
Then last week, the company purchased Brookfield, WI-based Environmental Systems, Inc. (ESI), an energy management and systems integration provider, for an undisclosed sum.
ESI manages more than 180 million square feet at more than 2,800 facilities across the U.S., including real-time remote monitoring and energy use analytics data for such owners and occupiers such as Kohl’s department stores.