Colliers International Group Inc. (CIGI) has added a new pillar to its Canadian engineering platform, Englobe Corporation, by acquiring Tetranex Solutions Inc., a multidisciplinary engineering consulting firm headquartered in Alberta. The deal brings roughly 200 professionals—specialists in electrical, instrumentation and controls, automation, and procurement—to Englobe’s portfolio, broadening the firm’s service mix across oil‑and‑gas, agri‑food and industrial markets.
Tetranex’s team will join Englobe under a partnership model that grants senior leaders equity stakes and leadership roles within the company. This structure is designed to retain talent and ensure continuity of expertise as the combined entity scales its operations in Western Canada. The acquisition is positioned to deepen Englobe’s footprint in the energy sector, a market Colliers expects to benefit from long‑term tailwinds driven by rising electricity demand.
Colliers’ engineering engine has already generated $1.7 billion in annualized revenue, and the addition of Tetranex’s specialized capabilities is expected to accelerate growth in high‑margin projects. The move follows a series of recent acquisitions—including a January 19, 2026 purchase of an Ontario engineering firm—that underscore Colliers’ strategy to build a diversified, high‑growth engineering portfolio across Canada. The combined firm will be better positioned to capture opportunities in the energy transition, where electrical and automation expertise are in high demand.
Financially, Colliers’ engineering segment posted $353.2 million in net revenue for Q3 2025, up 37% year‑over‑year, and the company’s overall engineering engine generated $1.46 billion in consolidated revenue in the same quarter, a 24% increase from the prior year. The acquisition is expected to contribute to continued momentum in the segment, reinforcing Colliers’ ability to deliver complex, multidisciplinary projects at scale.
Mike Cormier, president of Englobe, said the transaction “reaffirms our growth ambition by establishing a beachhead in the energy sector, a market poised to benefit from long‑term tailwinds driven by increased demand for electricity.” David Harman, president of Tetranex, added that becoming part of Englobe “provides our professionals with the scale, expertise and collaborative environment to strengthen our client offering and accelerate our growth.”
The deal is a strategic step that aligns with Colliers’ broader goal of expanding its engineering capabilities in Western Canada while capturing higher‑margin projects in a high‑growth segment of the Canadian infrastructure market. The acquisition is expected to enhance Colliers’ competitive positioning and support its long‑term growth trajectory in the engineering space.
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