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Acquisition of HFM extends scope of Project & Development Services
CHICAGO and TORONTO, May 7, 2015 — To meet the needs of owners and occupiers of real estate, who are increasing their focus on operational efficiency and occupant comfort, JLL (NYSE: JLL) has acquired HFM, an industry leader in building commissioning and energy and efficiency consulting. Toronto-based HFM‘s unique specialization is commissioning, the process of coordinating operational systems to achieve optimal occupant comfort, energy efficiency and air quality.
With increasing complexities in design and construction, shorter timelines for projects and tighter move-in schedules, delivering spaces that perform to clients’ expectations is more necessary than ever. By acquiring HFM, JLL will expand its comprehensive energy efficiency services in North America, including its Intellicommand smart technology tool, with a skillset that addresses these growing needs for building owners and tenants.
Approximately 25 HFM employees will join JLL, including Principal Owner and CEO Curt Harrison and President Adrian Sluga, who will join as a Senior Vice Presidents.
“Becoming part of JLL will allow HFM to offer our specialized expertise and services to a broader client base that couldn’t access them before,” said Harrison. “Increasingly, landlords and tenants call on real estate experts for commissioning services to improve the comfort of their spaces and achieve energy efficiencies. As part of JLL, we will be at the forefront of offering these services in North America. The clients will be the real beneficiaries, however, as we focus on their commissioning needs so they can focus on their core businesses.”
The HFM employees will join JLL’s Project & Development Services group, which includes more than 1,600 employees in the Americas. The PDS Canada group, overseen by JLL’s Executive Vice President Nick Joosten, is a market leader in design, construction and relocation services for a wide range of projects from interior build-outs to multi-site developments, and manages more than $14 billion in projects each year. Harrison and Joosten will work together to integrate teams under the leadership of Brett Miller, President, JLL Canada and work closely with Todd Burns, who oversees PDS in the Americas.
“With this acquisition, we are leading the industry in bringing together experts in energy efficiency, operational excellence and commissioning. JLL can now offer clients expanded services to optimize their operations, improve their occupant comfort and achieve better overall efficiencies in their buildings,” said Miller. “Having worked together on many projects, we know our teams share the same focus on providing high quality services to our clients. JLL will have a market-leading edge in commissioning and sustainability services and HFM is the right partner to advance us in this direction.”
JLL is Canada’s fastest growing commercial real estate firm. JLL has two offices in Toronto, with the headquarters located downtown. The firm also operates in Mississauga, Montreal, Ottawa, Vancouver, Calgary and Edmonton. JLL manages over 50 million square feet of facilities across Canada. The firm offers tenant and landlord representation, project and development services, investment sales, advisory and appraisal services, occupier strategies and solutions, hotels and hospitality services, debt capital markets, and integrated facilities management services to owners and tenants in Canada.
For more news, research and information from JLL, please visit: www.jll.com.
About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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