M&A
confidence high
sentiment positive
materiality 0.85
CBRE acquires Pearce Services for ~$1.2B; adds digital & power infrastructure capabilities
CBRE GROUP, INC.
- Initial purchase price ~$1.2B cash plus up to $115M earn-out if Pearce meets 2027 performance thresholds.
- Pearce provides technical services for critical power (34%), renewables (30%), wireless/fiber (29%), EV charging (7%).
- Pearce projected 2026 revenue >$660M, EBITDA >$90M; acquisition immediately accretive to CBRE core EPS.
- CBRE expects >$350M Core EBITDA from digital & power infrastructure in 2026, excluding land-sale gains.
- CBRE expects net leverage ~1.1x at end-2025, midpoint of 0-2.0x target range.