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Finally, Colliers continued to acquire small rivals to bolster its own offerings. Acquisitions included rivals in central Florida, London, Montreal, and the Netherlands. In making acquisitions, Chairman and CEO Jay Hennick has exactly the value focus that we want. On the conference call he declared that he loves to buy rivals when there's more uncertainty in the market, since he can buy cheaper. He's always got his eye on rivals, and acquisitions will form a cornerstone of Colliers' growth strategy for the long term.



I really like the global roll up play here. With the currency fluctuations, having a global footprint can act as a hedge by being in multiple markets.


Lee
SPOP/HG Home Fool
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