CBRE Group Acquires Pearce Services for $1.2 Billion
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CBRE Group Inc. is acquiring Pearce Services, LLC for approximately $1.2 billion in cash, with a potential earn-out of up to $115 million based on performance targets. Pearce, which specializes in digital and power infrastructure, is expected to generate over $660 million in revenue and $90 million in EBITDA by 2026. The acquisition will enhance CBRE's Building Operations & Experience segment and is projected to contribute over $350 million in Core EBITDA from related services in 2026.
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