March 10, 2020
Colliers International has entered into an agreement to acquire a controlling interest in engineering design and consulting firm Maser Consulting P.A., headquartered in Red Bank, NJ. Deal terms were not disclosed.
Maser’s senior leadership will remain significant shareholders of the business, which will be rebranded as Colliers Engineering Services by the first quarter of 2021. Maser employs more than 1,000, operating from 34 offices across 12 states.
“The transaction establishes us as a major player in the engineering design and consulting sector in the U.S., providing us with another important engine for growth,” said Colliers global chairman and CEO Jay Hennick. “We see tremendous potential in this segment of the market.”
In connection with this transaction, AEC Advisors acted as financial advisor and Sidley Austin acted as legal advisor to Colliers.
Pictured: Maser headquarters in Red Bank, NJ.
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