CBRE Strikes $1.2 Billion Deal for Digital Infrastructure Firm

Real estate services firm CBRE Group Inc. is buying a digital and power infrastructure business from New Mountain Capital for about $1.2 billion in cash, betting on demand in markets such as renewal energy, data centers and telecom.

The deal for the business, Pearce Services, includes a potential earn-out of as much as $115 million that’s subject to the acquired company meeting certain performance thresholds in 2027, according to a statement Tuesday.

Pearce, founded in 1998, provides design engineering, maintenance and repair services for clients that rely on infrastructure including data centers, cell towers and energy storage. The company has ...