CBRE Buys Pearce Services for Up to $1.3B, Expanding Digital and Power Infra Capabilities
CBRE Group, Inc. has acquired Pearce Services, LLC—a leading provider of technical services for digital and power infrastructure—from New Mountain Capital for $1.2 billion in cash, plus up to $115 million in performance-based earn-outs in 2027. The acquisition, which will fold into CBRE’s Building Operations & Experience segment, is expected to be immediately accretive to core EPS.
Founded in 1998 and headquartered in Paso Robles, CA, Pearce serves fast-growing infrastructure markets, including Critical Power & Cooling Systems (34% of expected 2025 revenue), Renewable Energy Generation & Storage (30%), Wireless & Fiber Networks (29%), and EV Charging Networks (7%).
“This acquisition complements our large and growing presence in digital and power infrastructure and opens sizable new growth avenues for CBRE,” said Bob Sulentic, CBRE chair and CEO.
With Pearce, CBRE expects to generate over $350 million of Core EBITDA from digital and power infrastructure services in 2026, excluding any potential gains from data-center development land sales.
Advisors: J.P. Morgan Securities and Wells Fargo advised CBRE; Sullivan & Cromwell served as legal counsel. Ropes & Gray advised Pearce and New Mountain Capital.
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