QSI Facilities to be acquired
Cushman & Wakefield is expanding its U.S. facilities management offerings.
The global real estate services firm has entered a definitive agreement to acquire Quality Solutions (“QSI”), one of the nation’s leading facilities management firms. QSI specializes in on-demand facility maintenance and project management services through a national network of facilities contractors. The acquisition will expand Cushman & Wakefield’s facilities management capabilities and coverage across North American markets by leveraging QSI’s supply chain of qualified suppliers and facilities trades.
“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, CEO, 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 is expected to close in the first quarter of 2019 and is subject to customary closing conditions, including receipt of all applicable antitrust approvals.
“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, Cushman & Wakefield.
Cushman & Wakefield’s global occupier services business delivers real estate solutions for large corporations around the world by providing services that include facilities management, portfolio administration, project and development services and transaction management, supported by leading technology and research.
The global real estate services firm has entered a definitive agreement to acquire Quality Solutions (“QSI”), one of the nation’s leading facilities management firms. QSI specializes in on-demand facility maintenance and project management services through a national network of facilities contractors. The acquisition will expand Cushman & Wakefield’s facilities management capabilities and coverage across North American markets by leveraging QSI’s supply chain of qualified suppliers and facilities trades.
“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, CEO, 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 is expected to close in the first quarter of 2019 and is subject to customary closing conditions, including receipt of all applicable antitrust approvals.
“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, Cushman & Wakefield.
Cushman & Wakefield’s global occupier services business delivers real estate solutions for large corporations around the world by providing services that include facilities management, portfolio administration, project and development services and transaction management, supported by leading technology and research.