A Merger Built on Complementary Strengths
Pearce CEO Michelle Edler hailed the acquisition as a strategic fit:
“CBRE’s strategy is highly complementary to Pearce, and together we’ll unlock significant growth opportunities across the infrastructure markets we serve.”
Founded on the vision of delivering reliability to the nation’s growing power and data backbone, Pearce has steadily expanded under New Mountain Capital’s ownership, which began in March 2020. Although the private equity firm did not disclose its original purchase price, it has since steered Pearce through a series of rapid-growth acquisitions, including Mortenson Energy Services in July and JoeMax Telecom LLC in April—both aimed at solidifying Pearce’s dominance in renewable and telecom infrastructure.
Legal and Financial Muscle Behind the Deal
The complex transaction was orchestrated with heavyweight legal counsel:
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Sullivan & Cromwell LLP represented CBRE Group Inc.
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Ropes & Gray LLP represented Pearce Services and New Mountain Capital, with a deep bench including Todd Kornreich, Carl P. Marcellino, Stefanie Birkmann, Alyssa Kollmeyer, Danna R. Kivell, Sean Smith, Jenny K. Cooper, Jordan Altman, Peter A. Alpert, Jonathan S. Klarfeld, Heather T. Sprague, Kurt Fowler, Fran Faircloth, and Brian C. Durkin.
A representative for New Mountain Capital did not respond to requests for comment Tuesday.
