April 22, 2015

Colliers buys Madison project manager SBS

Commercial realty-broker adviser Colliers International says it has acquired Madison project-management specialist Strategic Building Solutions.

Financial terms weren't disclosed, but SBS Principal Jon Winikur indicated that he and other key SBS still have equity in their business post merger.

Billed as the Northeast's leader in energy sustainability management, commissioning and retro-commissioning services, nearly 20-year-old SBS and its offices in Connecticut, Massachusetts, New York, Pennsylvania and Washington D.C., were immediately rebranded under the Colliers International flag, said Colliers President/USA Craig Robinson, in a statement from Seattle headquarters.

"We are continuously evolving to stay at the forefront of the dynamic facilities environment in order to meet the ever-changing needs of our clients," Winikur said in the statement. "The integration with Colliers allows us to expand the services, markets and expertise we offer our clients and grow our business. We are particularly excited to be able to retain equity in the future of our company in partnership with such a well-respected organization as Colliers International."

From offices in Hartford, New Haven and Stamford, Colliers brokers to and advises commercial real estate buyers and sellers statewide.

Correction: The original version of this story gave an incorrect location for one of Colliers' Connecticut offices. It is in Hartford.

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