The company said it announced on November 4, 2025 that it will acquire Pearce Services, LLC from New Mountain Capital. It said the initial purchase price is about $1.2 billion in cash, plus an earn-out of up to $115 million if Pearce meets certain performance thresholds in 2027.

1. 01

   The company said it announced on November 4, 2025 that it will acquire Pearce Services, LLC from New Mountain Capital. It said the initial purchase price is about $1.2 billion in cash, plus an earn-out of up to $115 million if Pearce meets certain performance thresholds in 2027.

2. 02

   CBRE said Pearce provides design engineering, maintenance and repair services. The company said Critical Power & Cooling Systems will account for 34% of Pearce's expected 2025 revenue, and Renewable Energy Generation & Storage for 30%. It said Pearce has more than 4,000 employees in North America and India.

3. 03

   The company said Pearce's revenue has grown at a low double-digit compound annual rate since 2022. It expects Pearce to generate more than $660 million of revenue and more than $90 million of EBITDA in 2026.

4. 04

   The company said that, with the Pearce acquisition, it expects to generate more than $350 million of Core EBITDA from its digital and power infrastructure services businesses in 2026, which does not include any gains from potential data center development land sales. It expects net leverage of about 1.1x at the end of 2025.

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Original filing

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