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April 21, 2015
Woodbridge International, a leading middle-market mergers and acquisitions firm, is pleased to announce the acquisition of a controlling interest in its client, Strategic Building Solutions (SBS) by Colliers International (“Colliers”), a subsidiary of FirstService Corporation (FSRV) (FSV.TO).
Headquartered in Madison, Connecticut, SBS is one of the leading project management firms in the Northeast. The company, which will rebrand to “Colliers International” immediately, expands Colliers' existing project management capabilities and adds best-in-class energy sustainability management, commissioning and retro-commissioning expertise. Founded in 1996, SBS currently manages $1 billion worth of projects and 10 million gross square feet of LEED(R) registered space within their commissioning and energy services group.
“We are continuously evolving to stay at the forefront of the dynamic facilities environment in order to meet the ever-changing needs of our clients,” said Jon Winikur, principal of SBS, in FirstService’s announcement of the deal. “The integration with Colliers allows us to expand the services, markets and expertise we offer our clients. Retaining equity in the future of our company in partnership with such a well-respected organization as Colliers International is particularly exciting.”
Mr. Winikur also commented that “I, along with the other principals at SBS, were extremely pleased with the advice and expertise that Woodbridge added to the entire process. Our Woodbridge representative was well versed in our business and our transaction goals and guided us through the entire process in an efficient and professional manner. This transaction was the culmination of a very well executed plan.”