Colliers To Acquire Triovest From Coril Holdings, Continuing Expansion

Colliers International Group Inc. has announced its plan to acquire Triovest, a privately held real estate services firm, from Coril Holdings. The acquisition, expected to close in the second quarter of 2025, will see Triovest integrated into Colliers, effectively retiring the Triovest brand. This move is part of Colliers' ongoing strategy to expand its footprint in the commercial real estate sector.

Triovest, established in 1995, has grown to manage over 36 million square feet across 337 properties and oversees more than $2.5 billion in projects under development. With six offices nationwide, including in Toronto, Calgary, and Vancouver, Triovest has been a significant player in Canada's real estate landscape. In 2024, the company reported approximately $70 million in revenue.

The acquisition will result in a combined workforce of over 3,000 professionals, managing more than 95 million square feet of commercial real estate and overseeing over $15 billion in projects across Canada. Brian Rosen, President & CEO of Colliers Canada, stated that this move cements Colliers' position as the largest real estate services firm in the country and enhances its capabilities in asset and development management.

Deanna Zumwalt, President & CEO of Coril Holdings, expressed confidence in the acquisition, noting that merging Triovest with Colliers will provide access to greater resources and global client relationships, benefiting both clients and employees. Coril Holdings will continue to collaborate with Colliers for its real estate needs.

This acquisition is the latest in a series of strategic moves by Colliers to expand its services. In recent months, Colliers has acquired several firms, including Ethos Urban Pty Limited and TTM Group Pty Limited in Australia, and Englobe Corporation in Canada, enhancing its engineering and consulting capabilities.

With annual revenues exceeding $4.8 billion and a team of 23,000 professionals globally, Colliers continues to strengthen its position in the real estate services industry. The integration of Triovest is expected to further bolster Colliers' service offerings and market presence in Canada.