{"id":1004283476,"date":"2018-12-04T04:58:48","date_gmt":"2018-12-04T12:58:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283476"},"modified":"2022-12-08T23:31:48","modified_gmt":"2022-12-09T07:31:48","slug":"cushman-wakefield-to-acquire-qsi-facilities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-acquire-qsi-facilities\/","title":{"rendered":"Cushman & Wakefield to Acquire QSI"},"content":{"rendered":"

By Scott Baltic, Contributing Editor <\/em><\/p>\n

\"Steven<\/a>

Steven Quick, chief executive, Global Occupier Services, Cushman & Wakefield<\/p><\/div>\n

Cushman & Wakefield has agreed to acquire Quality Solutions Inc., a leading facilities management firm, which specializes in on-demand facility maintenance and project management services through a national network of facilities contractors.<\/p>\n

This acquisition reportedly will expand Cushman & Wakefield’s facility management capabilities and coverage across North America by leveraging QSI\u2019s supply chain of 50,000-plus qualified suppliers and more than 75 facilities trades.<\/p>\n

\u201cOur ability to provide a deeper network of suppliers and coverage across all markets \u2026 will allow us to better serve large corporations with distributed real estate portfolios<\/em>,\u201d Steven Quick, Cushman & Wakefield’s chief executive, Global Occupier Services, said in a prepared statement.<\/p>\n

\"Eric<\/a>

Eric Crabb, CEO, Quality Solutions Inc.<\/p><\/div>\n

\u201cCushman & 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<\/em>,\u201d added Eric Crabb, CEO of QSI.<\/p>\n

The acquisition is expected to close in the first quarter of 2019, subject to customary closing conditions. Financials on the deal were not disclosed.<\/p>\n

QSI\u2019s owner is Gridiron Capital LLC, a New Canaan, Conn.-based private investment firm. QSI was advised by Piper Jaffray and Finn Dixon & Herling LLP.<\/p>\n

Facilities management evolves<\/h2>\n

By 2025, the global outsourced market in facilities management services will total about $1 trillion, according to a report issued earlier this year by CBRE. The report also predicts that property management and facility management<\/a> are becoming increasingly integrated, which leads to more transparency across a portfolio and thus simpler decision-making and better risk management.<\/p>\n

Wellness, as a way of enhancing productivity and reducing absenteeism, is a growing area of involvement in facility management. This area will see collaboration of facility management with HR and IT functions, per the report, Top trends in facilities management.<\/p>\n

Images courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The firm\u2019s facility management capabilities and coverage across North America are expected to strengthen with the addition of 50,000-plus qualified suppliers and more than 75 facilities trades.<\/p>\n","protected":false},"author":882,"featured_media":1004283479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,23891,21742,21785],"tags":[32789,32799],"class_list":["post-1004283476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-national","category-latest","category-property-management","tag-cbre","tag-cushman-wakefield"],"acf":[],"yoast_head":"\nCushman & Wakefield to Acquire QSI - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-acquire-qsi-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield to Acquire QSI\" \/>\n<meta property=\"og:description\" content=\"The firm\u2019s facility management capabilities and coverage across North America are expected to strengthen with the addition of 50,000-plus qualified suppliers and more than 75 facilities trades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-acquire-qsi-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-04T12:58:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:31:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Steven-Quick-chief-executive-Global-Occupier-Services-Cushman-Wakefield.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-acquire-qsi-facilities\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-to-acquire-qsi-facilities\/\",\"name\":\"Cushman & Wakefield to Acquire QSI - 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