ST. LOUIS, BALTIMORE, AND WASHINGTON, D.C. — Colliers Turley Martin Tucker, Colliers Pinkard and Cassidy & Pinkard Colliers have announced plans to consolidate their ownership into one holding company. Following the closing of the deal, the new holding company will expand to include Colliers ABR in New York.
Mark Burkhart, CEO of St. Louis-based Colliers Turley Martin Tucker, says the consolidation was based upon the outstanding growth experienced by the firms.
“All four firms have been growing tremendously over the years,” he says. “For the most part, we’ve all known each other for 25 years. We’ve had great success and we felt like now was a good time to come together. It’s more of an evolution than anything.”
All offices will continue to operate under their respective names and will continue to function as they did before the consolidation.
“There isn’t really any redundancy in any of our firms and will all operate autonomously; however, there are centers of excellence that each of us have and under (certain) functional services,” Burkhart notes. “For example, Cassidy & Pinkard Colliers in our Washington, D.C., office, along with Colliers Turley Martin Tucker’s capital markets group, is really a world-class capital markets group combined. Cassidy & Pinkard Colliers in Washington, D.C., also has components within capital markets under structured finance, making it much easier for us to offer those services to our clients who are asking for the services.”
Combined, the four firms will include a property management portfolio of 288 million square feet and a leasing portfolio of approximately 210 million square feet.
“Between Colliers Turley Martin Tucker, which has 250 people based in St. Louis and Cincinnati, and Colliers Pinkard, which has a very robust corporate solutions operations, combining our abilities and our services really gives us a very strong, robust corporate solutions operations,” Burkart notes. “And the fact that now we’re merging with Colliers ABR in New York City, which we believe is the capitol of corporations — to be able to bring our services in as a part of Colliers ABR, we see tremendous growth in our corporate solutions operations.”
As the firms move forward, Burkhart says that the current leadership will continue stay in place.
“The holding company will have the key leadership of all four firms as part of the holding company. I think our role is to make sure that we’re all working together, sharing the best practices and clients and growing the firm.”