We are pleased to announce the sale of our client, Bolton Perez & Associates, to Colliers. The acquisition closed March 2, 2021.
Located in Miami, Florida, Bolton Perez & Associates (BPA) will become part of Colliers (NASDAQ and TSX: CIGI) Engineering & Design operating unit (“Colliers E&D”).
BPA was founded in 1997 by Joaquin (“Jake”) Perez and John Bolton. BPA’s more than 30 engineers and other professionals provide specialty transportation and bridge design, as well as inspection services to state and municipal transportation authorities, primarily in the state of Florida.
“Joining a large, multi-discipline engineering and design firm was a natural next step for us, allowing us to better serve our clients and provide greater career opportunities for our people,” said Jake Perez, Founder & CEO of BPA.
“We are excited to begin our next chapter as Colliers E&D with a company that has a strong global presence and shares our values and enterprising spirit.”
Colliers is a leading diversified professional services and investment management company. With operations in 67 countries, their more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors.
For more than 25 years, their experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, they maximize the potential of property and accelerate the success of their clients and their people.
“This acquisition is the first follow-on investment in our Colliers E&D platform as we continue to build a leading engineering and design practice across the U.S.,” said Elias Mulamoottil, Head, Strategic Investments-Global for Colliers.
“Our unique Colliers partnership model continues to be a key differentiator in attracting best-in-class firms that are passionate about pursuing growth and thriving in our enterprising operating environment.”
“We are excited to welcome Jake and his talented team into the Colliers family as we strengthen our capabilities and deepen our qualifications and relationships in the Florida market,” said Kevin Haney, CEO, Colliers E&D.
“Our industry-first partnership with Colliers has allowed us to accelerate our growth internally and through strategic additions. We look forward to finding more strong operating partners and professionals who want to join an owner-led organization and leverage a global brand and platform to grow.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director Southeastern Region, Julie Sandoval, with the support of Vice President, Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director Roger Dean established the initial relationship with BPA.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Business Services M&A Deals page.
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