CBRE Group, Inc. completed the acquisition of Pearce Services, LLC for $1.2 billion in cash, with an earn‑out of up to $115 million contingent on Pearce meeting performance thresholds in 2027.
The transaction places Pearce Services, a provider of design, construction, and operation of power and digital infrastructure, into CBRE’s Building Operations & Experience segment. The integration is intended to deliver end‑to‑end solutions for hyperscalers, data‑center operators, renewable‑energy developers, and electric‑vehicle charging network operators.
Pearce has grown at a low double‑digit compound annual rate since 2022, with 2026 revenue projected to exceed $660 million and EBITDA above $90 million. CBRE expects the combined digital and power infrastructure business to generate more than $350 million of core EBITDA in 2026, while maintaining a net leverage ratio near 1.1× at the end of 2025.
Demand for digital and power infrastructure is accelerating as hyperscalers expand data‑center footprints, AI workloads increase, and renewable‑energy and EV‑charging projects rise. The acquisition positions CBRE to capture a larger share of this high‑growth market and to offer integrated services that complement its existing real‑estate portfolio.
CBRE CEO Bob Sulentic said the deal aligns with the company’s strategy to strengthen its data‑center and infrastructure portfolio and to provide clients with comprehensive, end‑to‑end solutions across the digital‑power ecosystem.
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