CBRE Strikes $1.2 Billion Deal for Digital Infrastructure Firm

Real estate services firm CBRE Group Inc. is buying a digital and power infrastructure business from New Mountain Capital for about $1.2 billion in cash, betting on demand in markets such as renewal energy, data centers and telecom.

The deal for the business, Pearce Services, includes a potential earn-out of as much as $115 million that’s subject to the acquired company meeting certain performance thresholds in 2027, according to a statement Tuesday.