CBRE is paying $1.2 billion to acquire Pearce Services, a technical services provider that works with companies building and operating data centers, digital networks and other types of infrastructure projects, the company announced Tuesday. CBRE will pay up to an additional $115 million based on Pearce meeting performance thresholds.
The deal will give CBRE 4,000 employees with expertise providing design, engineering, maintenance and other services to “blue-chip clients in North America that depend on [Pearce] to optimize asset uptime and output,” CBRE said in the release.
Those capabilities are slated to include providing critical power in asset types such as hospitals, pharmaceutical manufacturing plants, and cold storage facilities, “and, most especially, data centers,” according to Jamie Hodari, chief commercial officer and CEO of CBRE’s building operations and experience business segment.
“It is extremely costly for these asset types to experience down time,” Hodari said in an email. “To maintain continuous power, these asset types rely on Uninterruptible Power Supply (UPS), which keeps operations running during short breaks in power, and generators, which take over when the electricity grid is down for longer periods.”
Pearce installs and services UPS devices and generators, giving CBRE the capability to self-perform these services rather than subcontract the work, Hodari said.
It brings CBRE “closer to a place where [we have] unmatched depth and breadth in servicing this asset class during a time when the demand for its services is significant and rapidly growing,” he said. Enabling CBRE to offer these capabilities in-house “creates a better client experience and better economics for the client and CBRE,” he added.
Pearce’s primary markets are critical power and cooling systems, which made up 34% of its expected 2025 revenue, renewable energy generation and storage (30%), wireless and fiber networks (29%) and electric vehicle charging networks (7%), according to the release.
The company is projected to generate more than $660 million in revenue next year, CBRE said.
Pearce will continue to be managed by its existing management team, led by CEO Michelle Edler, Hodari said.
The company will increase CBRE’s resilient revenue and profits and expand its total addressable market by more than $30 billion, opening sizable new growth avenues, Hodari said. He noted that the acquisition is consistent with CBRE’s strategy to acquire well-managed businesses that operate in areas benefiting from secular tailwinds.
“In the case of Pearce, these include increased power and cooling needs in markets like healthcare, telecommunications and data centers, expanded use of renewable energy including wind and solar and increased investment in wireless communications and small cell towers,” Hodari said. “Pearce expands our total addressable market by more than $30 billion, opening sizable new growth avenues for us.
Data centers are expected to make up around 10% of CBRE’s earnings this year, and even more next year, CBRE Chair and CEO Bob Sulentic said on CBRE’s Q3 2025 earnings call last month. He said that in addition to enjoying the bump in data center activity, the company is working to build businesses that will be sustainable as the sector matures.
CBRE has two lines of businesses within its building operations and experience, or BOE, segment that focus on data centers, which it plans to merge into a single digital infrastructure business, Sulentic said.
“That business is particularly well suited to provide service as data centers are being built but also in the future as it pertains to the actual operations and retrofit of data centers,” he said.
