CBRE Group to acquire Pearce Services for approximately $1.2B

CBRE Group (CBRE) announced the acquisition of Pearce Services, a provider of technical services for digital and power infrastructure, from New Mountain Capital. The initial purchase price is approximately $1.2B in cash plus a potential earn-out of up to $115M. Pearce is expected to be immediately accretive to CBRE’s core EPS and will operate as part of the Building Operations & Experience segment. For 2026, Pearce is projected to generate more than $660M of revenue and more than $90M of EBITDA.