Add-on Acquisition • Real Estate

CBRE Acquires CB Richard Ellis Carmody

On November 1, 2013, CBRE acquired real estate company CB Richard Ellis Carmody

Acquisition Context
  • This is CBRE’s 9th transaction in the Real Estate sector.
  • This is CBRE’s 8th transaction in the United States.
  • This is CBRE’s 1st transaction in South Carolina.

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M&A Deal Summary

Date November 1, 2013
Target CB Richard Ellis Carmody
Sector Real Estate
Buyer(s) CBRE
Deal Type Add-on Acquisition

Target Company

CB Richard Ellis Carmody

Charleston, South Carolina, United States
CB Richard Ellis Carmody LLC is a commercial real estate services firm.
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Buyer Overview 1

Buyer

CBRE

Dallas, Texas, United States

Category Company
Founded 1906
Sector Real Estate
Employees140,000
Revenue 35.8B USD (2024)
DESCRIPTION
CBRE Group's corporate headquarters in downtown Los Angeles, California.
CBRE Group's corporate headquarters in downtown Los Angeles, California.

CBRE is a commercial real estate services and investment firm. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE was incorporated in 1906 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 12 of 48
Sector: Real Estate 9 of 19
Type: Add-on Acquisition 10 of 42
State: South Carolina 1 of 1
Country: United States 8 of 30
Year: 2013 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 KLMK Group

Richmond, Virginia, United States

KLMK Group is a provider of facility consulting, project advisory and facility activation solutions to the healthcare industry. The company, which is based in Richmond, Virginia, serves healthcare systems throughout the U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Norland Managed Services

London, United Kingdom

Norland Managed Services Ltd is a provider of commercial building technical engineering services in the United Kingdom and Ireland.

Buy £250M