Colliers International has completed its previously announced acquisition of a controlling interest in Red Bank, NJ-based Maser Consulting P.A., one of the leading multi-discipline engineering design service firms in the U.S. The operations will be rebranded as Colliers Engineering Services in the first half of 2021.
Founded in 1994, Maser offers private- and public-sector clients a full range of consulting and engineering design services for property & building, infrastructure, transportation, environmental and telecommunication end markets. The company generated 2019 revenue of $167 million.
“Colliers enters the highly fragmented engineering design services sector as a major player while furthering our strategy of diversifying revenues with another essential, highly valued real estate service offering,” said Jay Hennick, global chairman CEO of Colliers International. “Our new engineering division not only strengthens our Outsourcing & Advisory segment but also complements our tremendously successful Colliers Project Leaders project management business.”
Pictured: Maser headquarters in Red Bank, NJ.
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