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CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Pearce Services, LLC, a leading provider of advanced technical services for digital and power infrastructure, from New Mountain Capital. The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027. Pearce is expected to be immediately accretive to CBRE's core earnings-per-share and will operate as part of the Building Operations & Experience segment.
With the acquisition of Pearce, CBRE expects to generate more than $350 million of Core EBITDA from digital and power infrastructure services businesses* in 2026. This does not include any gains from potential data center development land sales.
CBRE expects to end 2025 with net leverage of approximately 1.1x, the midpoint of its target range of 0 to 2.0x.
Posted In: CBRE
