On April 15, 2025, Colliers International Group Inc. (CIGI), a Toronto-based global real estate services firm, announced a definitive agreement to acquire 100% of Triovest’s Canadian operations from Calgary-based Coril Holdings. The deal, expected to close by the end of Q2 2025, will fully integrate Triovest—one of Canada’s leading commercial real estate management and advisory firms—into Colliers’ platform. With Triovest managing 36 million square feet of property and $2.5 billion in development projects, the combined entity will manage over 95 million square feet and $15 billion in development across Canada. This acquisition strengthens Colliers’ domestic leadership and is part of its broader global expansion strategy, which in 2024 and 2025 included key acquisitions in Canada, the U.S., and Australia. Triovest’s CEO, Ted Willcocks, will oversee the integration, after which the Triovest brand will be retired.

Colliers, listed under the ticker CIGI-T, reported revenues of US$4.82 billion (approximately CAD 6.6 billion) and US$99 billion (CAD 135.6 billion) in assets under management as of year-end 2024. Coril Holdings’ divestment aligns with its focus on global industrial assets. Legal advisors for the transaction included Susan Spence (EVP, General Counsel & Corporate Secretary) and Jordan Baum (Senior Legal Counsel) for Triovest, and Matthew Hawkins (Vice President, Legal Counsel & Corporate Secretary) for Colliers. No underwriters, agents, or dealers were listed, indicating this was a private acquisition.