CBRE · 10-Q · 2026Q3 · Full report

Acquisitions and Divestitures

CBRE GROUP, INC. · 2026-10-22 · Importance 46 · Surprise 42 · No source text

On November 4, 2025, CBRE acquired an ownership interest in Pearce Services, LLC, which provides advanced technical services for digital and power infrastructure and is part of the Building Operations & Experience (BOE) segment. Total consideration was $1,186 million, financed with cash and commercial paper; borrowings were partially repaid with proceeds from $ million of 4.900% senior notes issued in November 2025. The purchase price includes deferred consideration due November 3, 2026, and contingent consideration of up to $ million tied to performance thresholds through calendar year . The acquisition generated goodwill largely associated with synergies and opportunities in digital and power infrastructure.

Key facts

• Turner & Townsend partners may exercise an option requiring CBRE to purchase additional shares in the combined project management business from January 1, 2027 through March 31, 2030, at fair value on the exercise date. source
• On October 20, 2026, CBRE announced a definitive agreement to acquire Onnec Group Limited, a data center infrastructure services provider across Europe and Asia Pacific; Onnec would operate within CBRE’s Critical Infrastructure Services line in the BOE segment after closing. source
• The Onnec acquisition agreement includes a potential earnout of up to £ million (approximately $ million), subject to Onnec achieving certain growth thresholds; the purchase price is £ million (approximately $ million) in cash. source
• The total consideration transferred for the Pearce acquisition was $1,186 million. source
• The Pearce purchase price allocation is primarily for acquired intangible assets, remains subject to change within the measurement period of up to one year from the acquisition date, and adjustments may be material. source
• CBRE acquired Pearce Services, LLC on November 4, 2025; Pearce is a provider of advanced technical services for digital and power infrastructure and is part of the BOE segment. source
• CBRE acquired Industrious National Management Company LLC's remaining ownership interest on January 16, 2025, increasing its ownership to 100%; Industrious is part of the BOE segment. source
• CBRE completed a combination of its project management business with Turner & Townsend in early January 2025, contributing its project management businesses for an additional ownership interest and retaining a controlling interest in the combined business. source

Impact estimates