This article is from the Australian Property Journal archive
COLLIERS Engineering & Design Australia is acquiring major Western Australian multi-discipline engineering consulting company Pritchard Francis, as the company continues to expand its engineering operations.
Pritchard Francis’ senior leadership team will continue to lead the business in Western Australia and become significant shareholders in the Colliers Engineering platform under the partnership model. The business will rebrand as “Colliers Engineering & Design” and fully integrate into Colliers’ operations.
The transaction is expected to close by the end of this year.
Terms of the transaction were not disclosed.
Pritchard Francis was founded in 1977. Its 125 professionals provide civil and structural engineering, design and related consulting services to diversified end markets including transportation, property, land development, industrial, mining & resources and public infrastructure.
“Following our successful expansion into NSW last year, this investment accomplishes another strategic objective in our goal to become one of Australia’s premier engineering consulting business,” said John Kenny, CEO Colliers Asia Pacific.
Brent Thomas, managing director of Colliers Engineering, said, “The addition of this seasoned group enhances our scale, strengthens our capabilities and expands our geographic reach, allowing us to better meet the requirements of our regional and national clients.”
CEO, Pritchard Francis, Arthur Psaltis, said the firm joining Colliers Engineering was a “logical next step in our evolution”.
“By integrating our operations with Colliers, we look forward to accelerating the growth of our business and the success of our clients and employees in the years to come.”
