CUSHMAN & Wakefield has supersized its occupier services business with the acquisition of South Australia’s Smith Brothers Group.
The acquisition of Smith Brothers, one of SA’s largest private services groups with a national portfolio of 6,000 customers, will add 200 people to C&W’s existing national team of more than 1,800 property professionals, supporting one of Australia’s largest occupier portfolios with more than 9 million sqm under management.
As part of the acquisition, Smith Brothers founder, Chris Smith, will lead C&W’s trade services business in Australia and New Zealand.
“This acquisition combined with our 27,000+ facilities management associates globally, advances our ability to deliver the highest quality, globally integrated services to major occupier clients in any market across the world,” C&W Asia Pacific CEO Matthew Bouw said.
CEO Australia and New Zealand James Patterson said this acquisition not only expands occupier services with an additional 200 staff in South Australia, it also adds to the current depth of experience and capability in education, government and health.
Founder Chris Smith said the company sees tremendous value for Smith Brothers clients and staff in joining C&W.
“The two companies present a great cultural fit, leveraging the innovative and agile operating model of Smiths Brothers to expand Cushman & Wakefield’s trades business across Australia and New Zealand and to better serve our clients.
“Improvement in technology is continually enabling new ways of working in trade and facilities services and this will further transform the industry in 2019. The combined business now has an enhanced capability to deploy the latest technology and data-backed reporting methods to support the direct and outsourced delivery of trade services, and this will set Cushman & Wakefield apart.” Smith said.
Australian Property Journal