Real estate titan CBRE Group Inc. announced Tuesday that it has acquired Pearce Services LLC, a major electromechanical infrastructure service provider in North America, from New Mountain Capital in a $1.2 billion all-cash deal. The landmark transaction, advised by Sullivan & Cromwell LLP for CBRE and Ropes & Gray LLP for the sellers, signals a major leap in CBRE’s diversification strategy.
The agreement includes potential earnouts of up to $115 million, contingent on Pearce hitting performance goals through 2027. According to both parties, Pearce’s revenue has grown at a low double-digit compound annual rate since 2022, and the company is on track to generate over $660 million in 2026 revenue.
A Strategic Expansion Into Energy and Digital Infrastructure
“This acquisition complements our large and growing presence in digital and power infrastructure,”
said CBRE CEO Bob Sulentic in a statement.
“It also opens sizable new growth avenues for CBRE in markets where the need for Pearce’s services is growing rapidly.”
The move reflects CBRE’s ambition to deepen its foothold in the high-demand infrastructure sector—particularly across renewable energy, data centers, and critical network systems.
Pearce Services brings with it a diversified portfolio spanning critical power and cooling systems, renewable energy generation and storage, wireless and fiber networks, and EV charging infrastructure. This range complements CBRE’s broader push into sustainability and smart technology operations.
