Global law firm Norton Rose Fulbright has advised Colliers, a leading international diversified professional services and investment management company, on its acquisition of a controlling interest in engineering and urban design group PEAKURBAN.
The deal was the first move by Colliers into the engineering market in Australia, via the acquisition of a major stake in one of the fastest growing engineering companies in the country. As part of the deal, PEAKURBAN’s senior leadership team will remain significant shareholders of the business under Colliers’ unique partnership model. The business will rebrand as ‘Colliers Engineering & Design’ and integrate into Colliers’ existing Australian operations.
PEAKURBAN was founded in 2016, with more than 100 professionals operating from 5 offices in Australia. It specialises in shaping communities with a focus on planning, due diligence, and engineering and design services for residential and mixed-use developments, civil infrastructure, water and wastewater, and industrial sectors.
The Norton Rose Fulbright team advised on all aspects of the acquisition, including the legal due diligence and all transaction documents.
Norton Rose Fulbright M&A and private equity partner Richard G Lewis commented:
“This deal constitutes the first international acquisition for the Colliers Engineering & Design business, building on its history of success and growth in the US market. We were delighted to assist Colliers in building a presence in the Australian engineering and urban design market as part of its strategy of international expansion.”
Richard led the team, supported by senior associate Meg Murray and associate Andrew Cho. The due diligence work involved partner Steven Choi, senior associate Soorim Cha and associate Joshua Hayes.