Cushman & Wakefield to merge with DTZ
Cushman & Wakefield has announced an agreement to merge with DTZ.
The new company, which will operate under the Cushman & Wakefield brand, will have revenues in excess of $5.5 billion, more than 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients. The expanded full-service offering will provide a unique combination of deep, local market presence with significant scale in core services in the major global markets.
Brett White will assume the role of chairman and CEO of the combined company. Carlo Barel di Sant’Albano, current international CEO of Cushman & Wakefield and EMEA CEO, will take a senior global leadership role. John Santora, current CEO of North America at Cushman & Wakefield, will become COO and chief integration officer and Tod Lickerman, current global CEO of DTZ, will assume the role of president of the global company.
The transaction is