While financial terms of the acquisition remain undisclosed, the integration marks a strategic pivot for Colliers. By absorbing Obsidian, the firm secures a deeper foothold in the region’s competitive energy infrastructure sector, moving beyond its traditional scope to provide specialized construction management for private-sector clients.
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Colliers Engineering Arm Acquires Calgary-Based Obsidian
Calgary’s Obsidian Engineering is set to join Englobe, the Canadian engineering platform owned by Colliers International Group, in a move aimed at consolidating market share across Western Canada. The deal, which remains subject to customary closing conditions, is expected to finalize during the fourth quarter of this year.
Leadership continuity remains a central component of the agreement. Obsidian’s senior management team will transition into significant shareholder roles within Englobe, retaining oversight to ensure their established presence in Western Canada survives the corporate shift.
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