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PEAKURBAN sold to investment management firm
Urban design consultancy PEAKURBAN has been acquired by Colliers, as part of its expansion into the Australian market.
Lauren Croft
Firm: Norton Rose Fulbright (Colliers)
Value: Undisclosed
Area: Merger and acquisition
Key players: The NRF team was led by M&A and private equity partner Richard G Lewis, 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.
Deal significance: 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 five 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.
Commenting on the deal, the firm said that “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,” the firm stated.
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
