Toronto and Calgary, Alberta, October 29, 2026 ( GLOBE NEWSWIRE )Collier International Group (Colliers International Group Inc, TSX and NASDAQ: CIGI) announced today that its Canadian engineering platform Englobe Corporation (referred to as “Englobe”) has signed a final agreement to acquire Obsidian Engineering Corp (referred to as “Obsidian”). Obsidian is a leading multidisciplinary engineering firm headquartered in Calgary, specializing in providing engineering, procurement, and construction management (EPCM) services to private sector clients.
This acquisition will expand the capabilities of Englobe, enhance its presence in western Canada, and establish an important foothold in Canada's key energy infrastructure markets.
Obsidian was established in 2017 and employs over 400 professionals. The company has delivered more than 3,500 projects in the Canadian energy and data center markets. Its expertise covers natural gas processing facilities, thermal energy facilities, pipelines, well sites, carbon dioxide infrastructure, renewable energy solutions, data centers, and other specialized facilities.
According to Collier's unique partnership model, the senior management team of Obsidian will become an important shareholder of Englobe and play a key role in the future leadership. The terms of the transaction have not been disclosed. The deal is expected to be completed in the fourth quarter of 2026, but it still needs to meet the usual delivery conditions.
Collier's Chief Investment Officer and CEO of Engineering Business, Elias Mulamoottil, stated: "This investment achieves a key strategic focus, which is to establish a meaningful presence in Canada's growing energy sector. As our country continues to position itself to become a superpower in oil and gas, the extensive qualifications of Obsidian will bring significant opportunities to our global platform."
President Mike Cormier stated: " Obsidian has brought highly complementary professional capabilities to the delivery of the EPCM project, and has enhanced our ability to support clients throughout the entire lifecycle of complex energy and industrial infrastructure projects. We are very pleased to welcome the talented professional team from Obsidian to join us; they have built a company of considerable scale, with deep technical expertise and a distinguished reputation."
Obsidian CEO Mark Czechowsky stated: "Our culture and values are highly aligned with Englobe, so this collaboration is a natural next step in Obsidian's development journey. We are attracted by Corleyer's long-term partnership model, decentralized operations philosophy, and entrepreneurial culture, and we believe these will create long-term stability and significant opportunities for our employees in the future."
Collier contact person
Elias MulamoottilGlobal Chief Investment Officer and CEO of Engineering BusinessChristian MayerGlobal Chief Financial Officer and CEO of Commercial Real Estate BusinessTelephone: (416) 960-9500About Collier
Collier ( TSX , NASDAQ : CIGI ) is a global diversified professional services and investment management company that operates through three leading industries: commercial real estate, engineering, and investment management. With a track record of sustained growth and strong recurring cash flows over more than 30 years, the company continuously expands its complementary, high-value businesses to provide critical services throughout the entire asset lifecycle. Its unique partnership philosophy empowers outstanding leaders, preserves a entrepreneurial culture, and ensures meaningful internal shareholding, thereby promoting a high degree of alignment with shareholders' interests and continuous value creation. Collier has an annual revenue of $6 billion, employs 28,000 professionals, and manages assets worth $110 billion, dedicated to accelerating the success of its clients, investors, and employees worldwide. For more information, please visit corporate.colliers.com.
