Colliers International acquires controlling interest in St. Louis-based EVS Realty Advisors
Cindy Allen
SEATTLE and ST. LOUIS
,
December 7, 2010
(press release)
–
Once again accelerating the pace at which it continues to grow its U.S. operations, Colliers International today has acquired a controlling interest in one of St. Louis' most prestigious real estate firms, EVS Realty Advisors.
The addition will significantly bolster Colliers International in the Midwest by strengthening the local firm's ability to service regional, national and international clients seeking to do business in the St. Louis region. With today's addition of EVS Realty Advisors, 11 of the nation's leading firms have integrated their operations into the world's third largest real estate services firm and rebranded as Colliers within the past twelve months.
"EVS Realty Advisors is a true market leader in St. Louis and the region in providing integrated investor services to institutional clients," said Dylan Taylor, chief executive officer of Colliers International in the U.S. "These professionals share our deep commitment to exceptional client service and a collaborative culture. Today's news reinforces our commitment to market leadership and delivering the best service to our clients."
By merging with Colliers International, EVS Realty Advisors will integrate its operations with one of the world's largest and most influential real estate companies, with 15,000 employees working from more than 480 offices in 61 countries and with revenues of nearly $2 billion. No immediate leadership or personnel changes are expected.
Robert A. Guimbarda, one of the principals and founders of EVS Realty Advisors, adds: "From the start, our firm's mission was to become the top full-service, real estate investment advisory firm catering to Midwestern and other regional markets. With today's news, we will be able to over-deliver on that promise to our clients while drawing the region's most talented professionals into our ranks. The growth opportunities for everyone involved are monumental. We are thrilled to become a part of Colliers International."
EVS Realty Advisors, which was founded in 2003, manages more than 2.5 million square feet of signature office properties throughout the St. Louis region. The firm also provides sales and leasing expertise in addition to real estate advisory and asset management services.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
Richard Mulieri / Parke Chapman
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