Back to Industry News
Cleantech
CBRE Acquires Pearce Services for $1.2B to Expand Infrastructure Maintenance
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Michael Fousert on Unsplash
TL;DR
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.
Stay updated on stories like this
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
CBRE Group Inc. 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. The move is strategically positioned to capitalize on increasing demand within the telecom, energy, and electric vehicle charging infrastructure sectors. CBRE anticipates Pearce Services will contribute over $350 million in core EBITDA by 2026, excluding data center land sales, derived from digital and power infrastructure services. This acquisition underscores CBRE's strategic focus on high-growth infrastructure markets.
Related Topics
CBREPearce ServicesAcquisitionInfrastructureReal EstateEBITDA
Never miss stories like this
Verified mention available
Free to claim
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Set up alerts Takes under 1 minute • Verified manually