{"id":35307,"date":"2025-11-04T21:27:11","date_gmt":"2025-11-04T21:27:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/35307\/"},"modified":"2025-11-04T21:27:11","modified_gmt":"2025-11-04T21:27:11","slug":"in-1-2b-deal-dallas-based-cbre-acquires-pearce-services-to-serve-digital-and-power-infrastructure-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/35307\/","title":{"rendered":"In $1.2B Deal, Dallas-Based CBRE Acquires Pearce Services to Serve Digital and Power Infrastructure \u00bb Dallas Innovates"},"content":{"rendered":"

\"\"<\/p>\n

Video still: Pearce Services<\/p>\n

Dallas-based real estate services giant CBRE Group (NYSE:CBRE) has acquired Pearce Services, a provider of advanced technical services for digital and power infrastructure, from New Mountain Capital for an initial purchase price of roughly $1.2 billion in cash plus a potential earn-out of up to $115 million.<\/p>\n

\u201cThis acquisition complements our large and growing presence in digital and power infrastructure,\u201d CBRE Chair and CEO Bob Sulentic said in a statement. \u201cIt also opens sizable new growth avenues for CBRE in markets where the need for Pearce\u2019s services is growing rapidly.\u201d<\/p>\n

Pearce has 4,000 employees in North America and India<\/p>\n

Founded in 1998 and headquartered in Paso Robles, California, Pearce provides design engineering, maintenance, and repair services for blue-chip clients in North America that depend on it to optimize asset uptime and output. Pearce\u2019s primary markets are critical power & cooling systems (34% of expected 2025 revenue), renewable energy generation & storage (30%), wireless & fiber networks (29%), and electric vehicle charging networks (7%).<\/p>\n

CBRE said that Pearce has more than 4,000 employees in North America and India. Its workforce includes \u201chighly trained technicians\u201d throughout North America as well as teams of design engineers and quality assurance specialists in both North America and India.<\/p>\n

\u201cWe\u2019re thrilled to join forces with CBRE, whose strategy and culture are highly complementary to ours,\u201d Pearce CEO Michelle Edler said in a statement. \u201cTogether, we\u2019ll unlock significant growth opportunities across the infrastructure markets we serve and deliver even greater value to our customers.\u201d<\/p>\n

CBRE said that Pearce\u2019s revenue has grown at a low double-digit compound annual rate since 2022 and that for 2026, Pearce is projected to generate more than $660 million of revenue and more than $90 million of EBITDA.<\/p>\n

With the acquisition, CBRE said it expects to generate more than $350 million of Core EBITDA from digital and power infrastructure services businesses in 2026, not including gains from potential data center development land sales.<\/p>\n

J.P. Morgan Securities LLC and Wells Fargo are acting as financial advisors and Sullivan & Cromwell LLP as legal advisor to CBRE. Ropes & Gray LLP is acting as legal advisor to Pearce and New Mountain Capital.<\/p>\n

CBRE Group is the world\u2019s largest commercial real estate services and investment firm (based on 2024 revenue). It has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries.<\/p>\n

Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n

Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n

\u00a0<\/p>\n

\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n

\t\"\"\/<\/a><\/p>\n

With more than 3,500 employees, the combination of Terrell-based Unified Power and California’s Pearce Solutions creates one of the leading independent service providers for power continuity solutions in the United States, the companies said.<\/p>\n

\t\"\"<\/a><\/p>\n

Circular Services said the facility will serve as a “circularity campus,” able to house a variety of material management services for municipal and commercial customers in McKinney, Frisco, and surrounding communities.<\/p>\n

\t\"\"<\/a><\/p>\n

Based in Cedar Park and Conroe, Texas, LTSI specializes in GIS data collection, construction staking and layout, easement research, and other services.<\/p>\n

\t\"\"<\/a><\/p>\n

The banking giant\u2019s commercial software group is scaling cloud-native tools for enterprise, led by a North Texas executive. Its second launch, Databolt, uses tokenization to secure sensitive data and help companies adopt AI with confidence.<\/p>\n

\t\"\"<\/a><\/p>\n

\u201cWe have been working to build a platform at the intersection of technology and marketing services in this growing and highly fragmented industry for several years,\u201d Trinity Hunt Partner George Morgan says.<\/p>\n","protected":false},"excerpt":{"rendered":"Video still: Pearce Services Dallas-based real estate services giant CBRE Group (NYSE:CBRE) has acquired Pearce Services, a provider…\n","protected":false},"author":2,"featured_media":35308,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[235,22535,22536,21653,102,104,103,10999,22537,22538,22539,19528],"class_list":["post-35307","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-acquisition","tag-advanced-technical-services","tag-bob-sulentic","tag-cbre","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-digital","tag-michelle-edler","tag-pearce-services-llc","tag-power-infrastructure","tag-real-estate-services"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/35307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=35307"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/35307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/35308"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=35307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=35307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=35307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}