The acquisition will broaden the firm’s U.S. Facilities Management
platform
CHICAGO--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) has announced it has entered a
definitive agreement to acquire Quality Solutions, Inc. (“QSI”), one of
the nation’s top facilities management firms specializing in on-demand
facility maintenance and project management services through a national
network of facilities contractors.
This acquisition will expand Cushman & Wakefield’s facilities management
capabilities and coverage across North American markets by leveraging
QSI’s strong supply chain of 50,000+ qualified suppliers and 75+
facilities trades.
“This acquisition will significantly benefit our clients by enhancing
our leading facilities management platform, building on the existing
strengths of our account-based Global Occupier Services business,” said
Steven Quick, Chief Executive, Global Occupier Services. “Our ability to
provide a deeper network of suppliers and coverage across all markets,
combined with our efficient delivery model, will allow us to better
serve large corporations with distributed real estate portfolios,” Quick
added.
“Cushman & Wakefield has presented us with a great opportunity to
integrate our existing platform into their best-in-class facilities
management practice which will allow us to do more for our existing
clients,” said Eric Crabb, Chief Executive Officer, QSI. “It is an
exciting time to be part of the firm’s growth story. There is very real
momentum and we’re just getting started.”
The acquisition of QSI is expected to close in the first quarter of 2019
and is subject to customary closing conditions, including receipt of all
applicable antitrust approvals.
Cushman & Wakefield’s Global Occupier Services business delivers real
estate solutions for large corporations around the world by providing
outsourcing services that include facilities management, portfolio
administration, project and development services and transaction
management, supported by leading technology and research.
Source: Cushman & Wakefield
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services
firm that delivers exceptional value for real estate occupiers and
owners. Cushman & Wakefield is among the largest real estate services
firms with 48,000 employees in approximately 400 offices and 70
countries. In 2017, the firm had revenue of $6.9 billion across core
services of property, facilities and project management, leasing,
capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com
or follow @CushWake
on Twitter.
View source version on businesswire.com:
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Brad Dugard
+1 647 268 4599
brad.dugard@cushwake.com
Source: Cushman & Wakefield