DTZ and Cassidy Turley Combine Under New DTZ Brand and Private Equity Ownership
The combination of Cassidy Turley and DTZ under new ownership creates a top-three commercial real estate services company worldwide. Cassidy Turley brings a legacy of strong local market leadership and penetration in the U.S., while DTZ offers an established full-service global platform.
DTZ now provides clients additional integrated capabilities across more than 30 major U.S. markets in addition to its already established capabilities throughout Europe and Asia. The unified company represents $2.9 billion in annual revenues and more than 28,000 employees and now manages 3.3 billion square feet globally on behalf of institutional, government, corporate and private clients. DTZ is ranked No. 1 in China for investment sales transactions, with over 50% market share, and is ranked No. 3 in London and the U.K.
“This combination is an excellent cultural fit and mutually beneficial for both companies, given our strong position in the U.S. market and DTZ’s global footprint,” said Joseph Stettinius Jr. “As DTZ and Cassidy Turley join forces under our new brand and ownership, I’m excited about the advantages we can now offer our clients and our people.”
“The combination of our two companies under new ownership has immediately enhanced our ability to meet our clients’ needs with speed, efficiency and flexibility—service qualities that are unique among global firms our size,” said Tod Lickerman, Global Chief Executive Officer of DTZ. “The new DTZ combines the capabilities of a world-class firm with the client experience of a smaller, more nimble and more tenacious organization.”