M&A Deal Summary

Newmark Acquires Newmark Grubb ACRES

On June 19, 2019, Newmark acquired real estate company Newmark Grubb ACRES

Acquisition Highlights
  • This is Newmark’s 2nd transaction in the Real Estate sector.
  • This is Newmark’s 2nd transaction in the United States.
  • This is Newmark’s 1st transaction in Utah.

M&A Deal Summary
Date 2019-06-19
Target Newmark Grubb ACRES
Sector Real Estate
Buyer(s) Newmark
Deal Type Add-on Acquisition

Target

Newmark Grubb ACRES

Salt Lake City, Utah, United States
Newmark Grubb ACRES is a full spectrum of services including property management, leasing services, and investment sales. Newmark Grubb ACRES was founded in 1998 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Newmark

New York, New York, United States
Category Company
Founded 1929
Sector Real Estate
Employees7,800
Revenue 2.5B USD (2023)
DESCRIPTION

Newmark is a full-service commercial real estate services business. Newmark Group was founded in 1929 and is based in New York, New York.

DEAL STATS #
Overall 2 of 8
Sector (Real Estate) 2 of 4
Type (Add-on Acquisition) 2 of 7
State (Utah) 1 of 1
Country (United States) 2 of 5
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 MLG Commercial

Brookfield, Wisconsin, United States

MLG Commercial LLC is a commercial real estate company offering brokerage and property management services in Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Workframe

New York, New York, United States

Workframe, Inc. is a workflow solution designed specifically for the commercial real estate industry. Workframe offers a web-based software application that provides a portfolio-level view of initiatives, giving large corporate tenants, landlords, brokers and service providers unprecedented visibility into their workflow and actionable data that can be leveraged to drive efficiency and process optimization. Workframe, Inc. was founded in 2016 and is based in New York City.

Buy -
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