CBRE Acquires Pearce Services, Provider to Digital and Power Infrastructure, for $1.2B

CBRE Group, Inc. said Tuesday it acquired Pearce Services, LLC, a leading provider of advanced technical services for digital and power infrastructure, from New Mountain Capital. The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027. 

Founded in 1998 and based in Paso Robles, CA, Pearce provides design engineering, maintenance and repair services for blue-chip clients in North America that depend on it to optimize asset uptime and output. Its primary markets include critical power & cooling systems (34% of expected 2025 revenue), renewable energy generation & storage (30%), wireless & fiber networks (29%), and electric vehicle charging networks (7%).

“This acquisition complements our large and growing presence in digital and power infrastructure,” said Bob Sulentic, CBRE’s chair and CEO. “It also opens sizable new growth avenues for CBRE in markets where the need for Pearce’s services is growing rapidly.”

Photo courtesy of Pearce Services.

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