Corporate/Finance: Page 3


  • Constellation NewEnergy wins nearly $120M contract for energy-saving measures at five federal facilities

    The upgrades, which include building envelope enhancements and LED retrofits, are expected to save $2.2 million in annual utility costs, the U.S. General Services Administration said.

    By Dec. 4, 2024
  • A blue and dark white emergency eyewash sign, with a small rectangle mirror reflecting a pereson washing their eyes.
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    Honeywell to sell commercial, industrial PPE business for $1.3B

    The sale aligns with the company’s plans to exit the personal protective equipment industry and focus on automation, aviation and clean energy.

    By Sara Samora • Dec. 4, 2024
  • Aramark's headquarters in Philadelphia, Pennsylvania.
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    JHVEPhoto via Getty Images
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    Compass Group, Aramark, Sodexo boost revenue, tech in FY24

    Sports venue contracts and return-to-office trends helped the food service firms improve revenue and margins in fiscal year 2024, they reported.

    By Dec. 2, 2024
  • Donald Trump, center, with his hands up, facing the crowd. He's standing next to Melania and son Barron.
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    Chip Somodevilla via Getty Images
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    Inflation Reduction Act changes “not a Day 1 priority” for Trump, Congress: Crux

    Though a full repeal of the 2022 climate law is unlikely, a Republican-controlled legislature could repeal or phase out some of its individual provisions beginning next year, policy experts said.

    By Brian Martucci • Nov. 26, 2024
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    Sarah Rice via Getty Images
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    State infrastructure ballot initiatives see mixed results

    Approved bond funding and climate resiliency-focused state ballot measures could provide new ways for municipalities to fund improvements.

    By Nov. 11, 2024
  • A data center technician and IT employee working next to data center server racks.
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    Gorodenkoff via Getty Images
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    Data center boom sparks acquisitions, surging revenue for system, service providers

    Service firms like CBRE and JLL have bolstered their technical support capabilities, while HVAC and system controls providers rake in profits from colocation and hyperscale customers.

    By Nov. 8, 2024
  • Johnson Controls logo above a production plant in Hanover, Germany.
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    Sean Gallup via Getty Images
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    Johnson Controls reports +20% growth in applied HVAC and controls

    The company’s fourth quarter sales organically rose 10% year over year, led by strength in North America data center sales. 

    By Nov. 7, 2024
  • A Colliers' leasing sign outside of an office building.
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    Permission granted by Joe Burns
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    Colliers reports strong office leasing gains in Q3

    The firm’s real estate services third-quarter revenue grew 9% year over year, with a 22% rise in office leasing, driven by several large transactions in the third quarter of 2024. 

    By Nov. 7, 2024
  • JLL workplace management and leasing revenue drive Q3 growth

    The company is working to consolidate its building operations groups, effective Jan. 1, 2025, amid growth in office leasing activity and new workplace management client wins.  

    By Nov. 6, 2024
  • A facade of a building with the Schneider Electric logo
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    Permission granted by Schneider Electric
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    Schneider Electric replaces CEO Peter Herweck amid strategic ‘execution’ issues

    The board’s decision to tap company veteran Olivier Blum as Herweck’s successor follows “divergences” in executing Schneider’s road map at a time of significant opportunity, the company said. 

    By Nov. 6, 2024
  • A facade of a Schneider Electric building.
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    Schneider Electric investigating cyber intrusion after threat actor gains access to platform

    Threat actors claim to have 75,000 unique name and email addresses from the incident, which marks Schneider Electric’s third cyber breach in less than two years.

    By David Jones • Nov. 6, 2024
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    Cushman & Wakefield’s leasing fee revenue surged 16% YoY across the Americas

    Fee revenue for its Americas services segment — formerly property, facilities and project management — remained flat year over year in the third quarter. Reaccelerating revenue and profitability for this segment will be a key priority, CEO Michelle MacKay said. 

    By Nov. 5, 2024
  • A data center server room.
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    sefa ozel via Getty Images
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    Modine’s data center sales soared 102% year over year in fiscal 2025 Q2

    The company is focused on meeting demand for high-performance chillers from colocation and hyperscale customers, CEO Neil Brinker said.

    By Nov. 4, 2024
  • A facade of a Schneider Electric building.
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    Permission granted by Schneider Electric
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    Schneider Electric’s North America growth drives Q3 revenue, led by energy management

    The company’s North America revenue organically grew 15.1% year over year, to about $3.8 billion, on the back of organic 18.3% year-over-year growth in energy management, it says.

    By Oct. 31, 2024
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    Trane’s backlog up 2.5x from historical levels in Q3, with 90% from commercial HVAC

    The company’s commercial HVAC revenue grew nearly 20% year over year in the third quarter, led by strength in applied solutions and services. 

    By Oct. 31, 2024
  • A Honeywell sign is posted in front of an office building.
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    Justin Sullivan via Getty Images
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    Honeywell building automation offsets industrial automation decline in Q3

    Honeywell’s backlog jumped 10% year over year, to $34 billion in the third quarter, led by its building automation segment and energy and sustainability solutions business, CFO Greg Lewis said.

    By Oct. 25, 2024
  • A CBRE office space featuring an 8,000 square meter showroom and laboratory in the heart of the 17th arrondisement in France.
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    The image by CBRE France is licensed under CC BY-SA 4.0
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    CBRE facilities management, leasing revenue surge in Q3

    Despite organizations’ increasing focus on prime space, subprime office leasing activity also grew with return-to-office efforts, CEO Bob Sulentic said.

    By Oct. 24, 2024
  • Low Angle Shot of Data Center With Multiple Rows of Fully Operational Server Racks.
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    gorodenkoff via Getty Images
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    Schneider Electric to buy 75% stake in data center cooling firm Motivair

    The investment in the maker of direct-to-chip cooling and high-capacity thermal solutions is part of an effort to strengthen its position in data centers, Schneider Electric says.

    By Oct. 21, 2024
  • IBM Corporation Innovation Center headquarters located in Silicon Valley.
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    Sundry Photography via Getty Images
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    IBM acquires Prescinto to bolster renewable energy asset management capabilities

    The deal will enhance the functionality of its asset lifecycle management platform, helping operators monitor and optimize renewable energy assets in near real-time, IBM says.

    By Lamar Johnson • Oct. 18, 2024
  • ISS North America appoints former CBRE exec as COO

    Tim Dismond will help lead the company’s attempts to capitalize on the transformation occurring in the current workplace and facilities market, ISS North America CEO Steve Quick said.

    By Oct. 18, 2024
  • A sign is posted on the exterior of a WeWork office.
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    Justin Sullivan via Getty Images
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    WeWork adds locations via workspace affiliate program launch

    A new partnership with Vast Coworking Group supports the new network, which comes as many organizations look to increase flexible and coworking space.

    By Oct. 16, 2024
  • A solar panel rooftop photovoltaic installation with a city skyline in the background.
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    Funfunphoto via Getty Images
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    CBRE acquires NRG Energy’s renewable advisory group

    The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.

    By Oct. 14, 2024
  • A white wall bearing a sign of Carrier's EcoEnergy Insights business
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    Retrieved from Carrier on October 08, 2024
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    Carrier rebrands EcoEnergy Insights, Cortix building management system as Abound

    The move brings the company’s artificial intelligence and IoT-powered technologies together as a comprehensive suite of climate and energy management products, it said.  

    By Oct. 8, 2024
  • JLL's office in Pittsburgh, Pennsylvania.
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    JHVEPhoto via Getty Images
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    JLL to acquire lease management, data analytics tech brokerage Raise

    The acquisition will help JLL build out its digital leasing platform to provide data-driven decision-making to clients, the real estate services firm says.

    By Oct. 2, 2024
  • Large office atrium with bright morning sunlight shining on business people as they start their day. A corporate scene captured on Canon 5D MK2 with 14mm lens.
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    multifocus via Getty Images
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    Commercial real estate recovery expected in 2025, prompting tech, sustainability investments

    A majority of major real estate owner and investor organizations are more likely to channel their spending toward data and technology in 2025, but they must be deliberate about deployment, per a Deloitte report.

    By Sept. 30, 2024