Colliers International Group has signed a plan of merger with Colliers Parrish International, the largest independently owned affiliate of Colliers in the U.S.
With offices in throughout the West Coast, from San Jose to Las Vegas, CPI’s 400 professionals provide services ranging from investment sales to property management for local, regional, national and international clients.
The transaction is subject to shareholder approval. Terms were not disclosed.
“Integrating CPI with our existing operations in Northern California significantly increases our scale and coverage, allowing us to seamlessly and effectively serve our clients in this important region,” said Martin Pupil, Colliers International President, U.S. Brokerage.
“As well, adding another market leader in Nevada, extends our best in class capabilities into this important adjacent market.”
Dylan Taylor, president and COO Colliers International, said the acquisition is consistent with the firmʼs strategy to acquire market leaders throughout the U.S. and follows five other acquisitions completed over the past year.