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M&A Deal Summary

CBRE Acquires Heery Design

On October 5, 2017, CBRE acquired engineering company Heery Design from Balfour Beatty for 57M USD

Acquisition Highlights
  • This is CBRE’s 3rd transaction in the Engineering sector.
  • This is CBRE’s 9th largest (disclosed) transaction.
  • This is CBRE’s 21st transaction in the United States.
  • This is CBRE’s 3rd transaction in Georgia.
Investment Fate
  • Heery Design was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary
Date 2017-10-05
Target Heery Design
Sector Engineering
Buyer(s) CBRE
Sellers(s) Balfour Beatty
Deal Type Divestiture
Deal Value 57M USD

Target

Heery Design

Atlanta, Georgia, United States
Heery Design is a provider of project management, design and commissioning services across the U.S., with a wide range of corporate, government, healthcare, sports, aviation and education clients. Heery Design was founded in 1952 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

CBRE

Dallas, Texas, United States
Category Company
Founded 1906
Sector Real Estate
Employees130,000
Revenue 31.9B USD (2023)
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 35 of 47
Sector (Engineering) 3 of 3
Type (Divestiture) 3 of 3
State (Georgia) 3 of 3
Country (United States) 21 of 29
Year (2017) 6 of 8
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Convergences-CVL

Paris, France

Convergences-CVL is a provider of retail property services from strategic planning to transaction execution and property management for a broad range of clients in France including developers, retailers and public sector entities. Convergences-CVL was founded in 2010 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Custom Spaces

San Francisco, California, United States

Custom Spaces, Inc. is a boutique real estate brokerage firm that advises leading technology companies such as Airbnb, Cruise Automation, Medium, Gusto and Coinbase, on occupancy strategies.

Buy -

Seller(S) 1

SELLER

Balfour Beatty

London, United Kingdom
Category Company
Founded 1909
Sector Infrastructure
Employees26,140
Revenue 7.6B GBP (2022)
DESCRIPTION

Balfour Beatty is an international engineering, construction, services and investment group. Balfour Beatty was incorporated in 1909 and is headquartered in London, the United Kingdom.

DEAL STATS #
Overall 2 of 3
Sector (Engineering) 1 of 1
Type (Divestiture) 2 of 3
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Balfour Beatty Rail

Redhill, United Kingdom

Balfour Beatty Rail Ltd. is a provider of trackside plant and equipment rental activity.

Sell £6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-17 Omnicom

Derby, United Kingdom

Omnicom provides software and hardware for surveying, inspecting, and monitoring rail infrastructure assets including its Infrastructure Monitoring System, gauge clearance measurement, line visual inspection, and scanning infrastructure. Omnicom is based in Derby, United Kingdom.

Sell -
Mergr

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