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Colliers International Group Inc 6-K, filed Jul 13, 2020

Colliers International Group Inc. (CIGI)

6-K 2020-07-13 For: 2020-07-13
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Added on April 07, 2026

About this 6-K

Colliers International Group Inc filed this 6-K on July 13, 2020.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2020 Commission File Number: 001-36898

COLLIERS INTERNATIONAL GROUP INC. (Translation of registrant's name into English)

1140 Bay Street, Suite 4000 Toronto, Ontario, Canada M5S 2B4 (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [   ]      Form 40-F [ X ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [   ]

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes [  ]                                                    No [X]

If “Yes” is marked, indicate the file number assigned to the Registrant in connection with Rule 12g3-2(b):  N/A

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COLLIERS INTERNATIONAL GROUP INC.
Date: July 13, 2020 /s/ Christian Mayer
Name: Christian Mayer
Title: Chief Financial Officer

EXHIBIT INDEX

Exhibit Description of Exhibit
99.1 Press release dated July 13, 2020.

EdgarFiling EXHIBIT 99.1

Colliers International Completes Acquisition of Maser Consulting

Further diversifies revenues with essential, high-value engineering and design services

TORONTO and RED BANK, N.J., July 13, 2020 (GLOBE NEWSWIRE) -- Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), has completed its previously announced acquisition of a controlling interest in Maser Consulting P.A. (“Maser”), one of the leading multi-discipline engineering design service firms in the U.S. Under Colliers’ unique partnership model, Maser’s senior leadership team will continue to drive operations and will retain a significant equity stake in the business going forward. The operations will be rebranded as “Colliers Engineering Services” in the first half of 2021.

Founded in 1994 and headquartered in Red Bank, New Jersey, Maser’s more than 1,000 professionals operate from 34 offices across 12 states. 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 and Chief Executive Officer 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.”

“We are pleased to welcome the talented and entrepreneurial team from Maser into the Colliers family,” said Elias Mulamoottil, Head, Strategic Investments | Global of Colliers International. “By combining their best-in-class service offerings with our globally recognized brand and service platform, we can accelerate our collective growth in the $100 billion engineering design services sector and take advantage of the many opportunities to revitalize aging infrastructure in the U.S.”

“Our new partnership with Colliers – the first of its kind in our industry – is the next evolution of our business,” said Richard Maser, Maser Founder and Chairman. “As we look to significantly grow and scale our business, we are confident that Colliers’ enterprising culture, partnership philosophy, decentralized management style and access to capital, aligns perfectly with our goals.”

Kevin Haney, Maser CEO and President said, “We expect to hit the ground running as we combine Colliers’ specialized market knowledge and relationships with our own expertise across many different asset classes and end markets. Our partners and highly skilled professionals could not be more thrilled and look forward to leveraging our new partnership to accelerate growth in the years to come.”

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

COLLIERS CONTACTS: Christian Mayer Chief Financial Officer

Elias Mulamoottil Head, Strategic Investments | Global

(416) 960-9500

MASER CONTACT: Kevin Haney Chief Executive Officer (732) 383-1950