Colliers: Colliers announces acquisition of Triovest

TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Colliers ((NASDAQ, TSX:CIGI) announced today that it has entered into a definitive agreement to acquire Triovest Inc. ("Triovest"), a leading Canadian commercial real estate services platform, from its owner, Coril Holdings. After closing, Triovest will rebrand as Colliers, merging its operations and capabilities to solidify Colliers' position as Canada's largest commercial real estate services firm. The combined Canadian operations will employ more than 3,000 professionals, manage more than 95 million square feet of commercial real estate, and oversee more than $15 billion in projects under development. The transaction is subject to customary closing conditions and is expected to close during the second quarter of this year. Terms of the transaction were not disclosed.Founded in 1995, Triovest grew to become a national platform and one of Canada's largest private commercial real estate services firms under Coril Holding's ownership, managing 36 million square feet and overseeing $2.5 billion in projects under development for some of Canada's most prominent institutional and private clients. ...Full story available on Benzinga.com