Jamie Hodari shares a 90-second primer on why CBRE Group have acquired infrastructure maintenance firm Pearce Services from New Mountain Capital for approximately $1.2B in cash with a potential earn-out of up to $115M. The deal expands CBRE's technical services portfolio across telecom, energy, and electric vehicle charging infrastructure sectors.

Pearce Services will integrate into CBRE's Building Operations & Experience unit, that Jamie now leads, and is expected to immediately boost CBRE's core earnings.