M&A Deal Summary

CBRE Acquires Pearce Services

On November 4, 2025, CBRE acquired engineering company Pearce Services from New Mountain Capital for 1.2B USD

Acquisition Highlights
  • This is CBRE’s 4th transaction in the Engineering sector.
  • This is CBRE’s 4th largest (disclosed) transaction.
  • This is CBRE’s 30th transaction in the United States.
  • This is CBRE’s 6th transaction in California.

M&A Deal Summary

Date 2025-11-04
Target Pearce Services
Sector Engineering
Buyer(s) CBRE
Sellers(s) New Mountain Capital
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Ropes & Gray (Legal)

Target

Pearce Services

Paso Robles, California, United States
Pearce Services provides engineering, operations, and maintenance services for mission-critical telecommunications and renewable energy infrastructure across the United States. The Company serves sectors including wireless and wireline networks, solar and wind energy, EV charging, and energy storage systems. Pearce Services is based in Paso Robles, California.

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Buyer(S) 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 STATS #
Overall 48 of 48
Sector: Engineering M&A 4 of 4
Type: Add-on Acquisition M&A Deals 42 of 42
State: California M&A 6 of 6
Country: United States M&A 30 of 30
Year: 2025 M&A 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Direct Line

Fremont, California, United States

Direct Line provides network cabling, infrastructure, and staffing services to data centers and other mission-critical environments. Direct Line has unique expertise in managing the complexities of installing, designing, and maintaining customized data and fiber optic cabling for data centers across various end markets. Direct Line was established in 1997 and is based in Fremont, California.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 53 of 53
Sector: Engineering M&A 2 of 2
Type: Add-on Acquisition M&A Deals 24 of 24
State: California M&A 4 of 4
Country: United States M&A 50 of 50
Year: 2025 M&A 5 of 5
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-19 OneDigital

Atlanta, Georgia, United States

OneDigital is a pure-play employee-benefits broker in the United States. OneDigital delivers benefits solutions for employers of all sizes through a sophisticated combination of strategic advisory services, proprietary technology, advanced analytics, compliance support, technical innovations and HR capital management tools. OneDigital was founded in 2000 and is based in Atlanta, Georgia.

Sell -