11 January 2019 | Herpreet Kaur Grewal
US property giant Cushman & Wakefield has acquired Quality Solutions, Inc., an American FM provider specialising in on-demand 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 Kansas-based QSI's strong supply chain of 50,000-plus qualified suppliers and more than 75 facilities trades.
Steven Quick, chief executive, global occupier services, said the acquisition would "significantly benefit our clients by enhancing our leading facilities management platform, building on the existing strengths of our account-based Global Occupier Services business".
Eric Crabb, chief executive officer of QSI, said: "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."
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.