Triovest to Join Colliers by Q2 2025

Deal News | Apr 15, 2025 | Globenewswire

Triovest to Join Colliers by Q2 2025

Colliers International, a leading global real estate services and investment management company, is set to acquire Triovest Inc., a significant Canadian commercial real estate services platform, from Coril Holdings. This strategic acquisition aligns with Colliers’ vision to strengthen its hold in the Canadian market and elevate its capabilities in asset and development management. The merger will form Canada’s largest commercial real estate services firm, employing over 3,000 professionals and managing 95 million square feet of real estate. Set to close in the second quarter of 2025, the transaction will involve rebranding Triovest as Colliers and integrating its operations to benefit from Colliers’ global resources. Coril Holdings, the current owner of Triovest, welcomes this transition, seeing it as an opportunity for Triovest to expand its growth trajectory through enhanced resources and global client relationships via Colliers. However, the financial terms of this significant acquisition deal remain undisclosed.

Sectors

  • Real Estate Services
  • Investment Management

Geography

  • Canada – The acquisition involves major Canadian companies and solidifies Colliers' presence in the Canadian market.
  • Global – Colliers is a global firm, operating internationally, which provides insights into how the acquisition will have global implications.

Industry

  • Real Estate Services – The article discusses the acquisition within the real estate services industry, focusing on commercial real estate services and management.
  • Investment Management – Colliers operates as an investment management company, overseeing substantial assets, which is relevant to the acquisition of Triovest.

Financials

  • C$70 million – Triovest generated approximately C$70 million in revenues for the year ended December 31, 2024.

Participants

NameRoleTypeDescription
ColliersBidding CompanyCompanyColliers is a global diversified professional services and investment management company acquiring Triovest to enhance its Canadian operations.
Triovest Inc.Target CompanyCompanyTriovest is a leading Canadian commercial real estate services platform owned by Coril Holdings, which will be acquired by Colliers.
Coril HoldingsSelling CompanyCompanyCoril Holdings is the owner of Triovest and is selling its stake to Colliers.
Brian RosenPresident & CEO, Colliers CanadaPersonBrian Rosen heads Colliers Canada and plays a key role in the acquisition strategy.
Deanna ZumwaltPresident & CEO, Coril HoldingsPersonDeanna Zumwalt is leading Coril Holdings and has strategized the sale of Triovest to Colliers.