Goodbye Cassidy Turley, Hello DTZ
The New Year brings big changes to Cassidy Turley.
Its Washington, DC, legacy began with Cassidy & Pinkard Colliers, founded in 1981. From there, the company evolved further with the merger of seven U.S. regional shops to form Cassidy Turley in 2010, ultimately becoming a mid-size commercial real estate services company with 4,000 professionals in more than 60 offices nationwide. Today we are DTZ, a global services provider backed by the private equity investment consortium of TPG Capital, PAG Asia Capital and Ontario Teachers’ Pension Plan. The new company now has more than 28,000 employees in more than 260 offices worldwide and manages 3.3 billion square feet with $63 billion of transaction volume globally on behalf of institutional, government, corporate and private clients.
What does all of this mean? At its core, this merger represents the best of what a commercial real estate services firm can offer. For legacy Cassidy Turley clients, it means access to full-service capabilities throughout the world. For legacy DTZ clients, it means access to a cache of strong local market leadership and penetration in the United States. No one’s more excited about the new firm than our senior leadership.
Our new Global CEO, Tod Lickerman perhaps said it best, “The new DTZ combines the capabilities of a world-class firm with the client experience of a smaller, more nimble and more tenacious organization,” while Chief Executive, Americas, Joe Stettinius adds, “We’re well positioned to meet clients’ needs as they increasingly manage global growth strategies by outsourcing more services or investing internationally. We now have the global scale to meet our clients where they are, complemented by a depth of local expertise.”
We look forward to serving our new and existing clients in what should prove to be an exciting 2015.
By: Nathan Edwards
Director of Research, Cassidy Turley - Washington, D.C.
Email Nathan: Nathan.Edwards@cassidyturley.com
Follow Cassidy Turley on Twitter: @CassidyTurleyRE