Colliers International acquired WelshCo LLC and its brokerage, property management, facilities and architecture divisions.

Steve Everbach, Colliers International president, central region, said the acquisition is part of the company's strategy to pursue acquisitions across the thriving midwest region of the U.S.

WelshCo has been an affiliate of Colliers International since 2010, according to a release. The terms of the transaction were not disclosed.