Colliers International Enters Agreement With Maser Consulting

Global commercial real estate services and investment management firm Colliers International announced it has entered into an agreement to acquire a controlling interest in Maser Consulting P.A. (“Maser”), a multi-discipline engineering design and consulting firm. Maser’s senior leadership will remain significant shareholders of the business under Colliers’ partnership model. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2020. The business will be rebranded as “Colliers Engineering Services” by the first quarter of 2021. Terms of the transaction were not disclosed.

Headquartered in Red Bank, New Jersey, with more than 1,000 professionals operating from 34 offices across 12 states, Maser provides planning, consulting and design engineering services to multiple end markets including site civil, survey and geospatial, transportation, water and wastewater, telecommunication and geo-environmental. The company generated 2019 revenue of $167 million.

“Maser’s long and impressive record of growth in multiple real estate and infrastructure end markets, together with its special entrepreneurial culture, made it a perfect fit with Colliers,” said Elias Mulamoottil, head, Strategic Investments | Global of Colliers International. “With the expected push to rebuild and upgrade aging infrastructure in the U.S., Maser’s portfolio of service offerings, long-term contractual projects and diverse client mix provide us with significant new opportunities for growth in a segment with stable revenue streams over all economic cycles.”