|Headquarters||Chicago, Illinois, U.S.|
|Key people||Tod Lickerman, Global Chief Executive Officer
Joseph Friedman, Executive Vice President, Finance
John Forrester, Chief Executive EMEA
Henry Arundel, Chief Executive Southeast Asia/Australia & New Zealand
Edward Cheung, Chief Executive North Asia
Adam Stanley, Global Chief Information Officer
Matt Bouw, Global Chief HR and Strategy Officer
Brett Soloway, Global General Counsel
|Products||Capital Markets/Investment Agency, Energy and Sustainability Services, Integrated Facilities Management, Investment, Fund and Asset Management, Leasing Agency and Brokerage, Market Research and Forecasting, Project Management and Building Consultancy, Property Management, Real Estate Consulting, Global Corporate Services and Valuation/Appraisal.|
DTZ is a global company in the integrated property services industry. The business provides occupiers and investors around the world with end-to-end property solutions consisting of leasing agency and brokerage, integrated property and facilities management, capital markets, investment and asset management, valuation, building consultancy and project management. In addition, DTZ’s research and consulting services provide clients with global and local market knowledge, forecasting and trend analysis. DTZ has 45,000 employees including sub-contractors, operating across 52 countries. Headquartered in Chicago, DTZ operates in Europe, Middle East and Africa, Asia and the Americas. DTZ is the combination of several related businesses all now under one brand and was, until November 5, 2014, a division of UGL Limited.
Founding predecessor firm, Chesshire Gibson, established by John Chesshire and Denston Gibson in Birmingham, UK.
A second predecessor firm, Debenham and Tewson, was founded by Frank Gissing Debenham and Edward Tewson in Cheapside, London, UK.
A merger created Debenham, Tewson & Chinnocks.
A third predecessor firm, Zadelhoff Makelaars, established by drs. Cor van Zadelhoff, in Amsterdam, The Netherlands.
Debenham, Tewson & Chinnocks Holdings plc was floated on the London Stock Exchange on 21 January.
A European joint venture with Jean Thouard of France, and the Zadelhoff Group of Germany and the Netherlands, created the DTZ brand. In the same year, a merger with Bernard Thorpe and Partners completed national coverage in the UK.
UGL engineering and construction firm was listed on Australian stock exchange as United Construction Group.
UGL acquired facilities management firm Kilpatrick Green.
Following an equity exchange with Asian partners, CY Leung & Co and Edmund Tie & Co, the DTZ brand was extended to Asia.
UGL acquired Knight Frank Price Waterhouse (KFPW); and merged KFPW with Kilpatrick Green.
DTZ's French subsidiary acquired a majority shareholding in DTZ Asset Management, France.
Throughout 2004, DTZ opened offices in India and Bahrain and continued expansion into China.
UGL acquired Premas International, a real estate services firm founded in Singapore in 1976.
In May DTZ acquired a 50% interest in Rockwood Realty Associates LLC, a privately owned North American real estate capital markets consultancy, headquartered in New York. UGL acquired Equis Corporation, a corporate real estate business founded in Chicago in 1984, establishing a presence in the United States.
In July DTZ acquired the business and assets of Donaldsons LLP, a privately owned UK-based property consultancy, for an initial consideration of £39.8 million plus deferred consideration of up to £8.8 million. The acquisition reinforced DTZ's position as a top global property consultancy, ranked in the top two in the UK and top three in Europe. DTZ also grew its Australian operations in July, with the acquisition of 100% of Harlow Property Consultants Pty Ltd and Harlow Property Management Ltd (HPC), specialist industrial and logistics businesses, located in North Sydney.
In August, DTZ acquired Fastighetsplanering AB, a privately owned commercial real estate adviser based in Stockholm, Sweden. This transaction augmented DTZ's position as one of Europe's top three global advisers in commercial real estate.
In November DTZ acquired JJ Barnicke Limited, Canada's largest independently owned, full service commercial real estate services company. JJ Barnicke had owned affiliate offices across Canada and provided a comprehensive range of commercial real estate brokerage services covering all commercial real estate asset classes such as office, industrial, capital markets, investment, retail, hospitality and corporate services.
UGL acquired Unicco, a facilities management firm founded in Boston in 1949, significantly increasing UGL’s market share in the property services business in North America.
DTZ acquired the remaining 20% minority interest in DTZ Sweden to bring its share holding to 100%.
DTZ acquired a further 10% interest in its South East Asian business, and organically expanded into Vietnam. DTZ also opened its eighteenth office in Greater China in Changsa. Additionally, in Europe, DTZ acquired the remaining 20% of DTZ Asset Management Europe SAS, taking its holding to 100%. The same year, DTZ acquired the remaining 33% minority interest in DTZ Barnicke Quebec Ltd, part of its Canadian business.
On 22 November DTZ acquired a further 10% interest in Edmund Tie & Company Holdings, its South East Asia business, to bring its total shareholding to 61%.
UGL Limited acquired all the trading operations of United Kingdom-based DTZ, expanding to 52 countries and solidifying its global presence in property services.
On 4 September 2012, DTZ/UGL Services was rebranded DTZ, a UGL company.
In August 2013, parent company UGL Limited announced an intention to demerge the property service and engineering businesses such that DTZ would become a standalone property services and real estate company. According to Business Spectator, the group was to work towards separating its property business, DTZ, from its under-performing engineering business over a period of 12 to 18 months.
Shortly after this announcement, UGL announced the appointment of Tod Lickerman as CEO of the property business, as the rebranded DTZ, a UGL Company. Lickerman joined DTZ from Jones Lang LaSalle. Lickerman had been in the sector for nearly 30 years, most recently as CEO of JLL's Corporate Solutions Americas division. He also worked for a company that is now a part of DTZ, called Equis, which was acquired by UGL in 2006. Lickerman had M&A experience within the property services sector, including the integration of LaSalle Partners and Jones Lang Wootton.
November 5, 2014
DTZ confirmed the close of its sale to the private investment consortium of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (the TPG & PAG Consortium), and its beginning as an independent, privately owned global property services company.
- "UGL confirms DTZ demerger", Business Spectator, August 12, 2013.
DTZ company website<http://www.dtz.com/>