CBRE Acquires Pearce Services for $1.2B to Expand Infrastructure Maintenance
Photo by Michael Fousert on Unsplash
CBRE acquired Pearce Services from New Mountain Capital for $1.2 billion in cash, plus a possible $115 million earn-out, to bolster its Building Operations & Experience unit. CBRE expects Pearce Services to add more than $350 million in core EBITDA by 2026, focusing on high-growth telecom, energy, and EV charging infrastructure sectors.
Key takeaways
- has acquired Pearce Services from New Mountain Capital for $1
- 2 billion in cash, with a potential earn-out of $115 million
- This acquisition strengthens CBRE's technical services portfolio by integrating Pearce Services into its Building Operations & Experience unit
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