Discussions Β» πŸš€ CBRE acquires Industrious to create BOE segment (πŸ”— Visit source)

CBRE has acquired 100% of Industrious. High level deal points include: 100% acquisition; $800M valuation; Jamie Hodari stays on as CEO and take on global role at CBRE overseeing 95,000 employees managing over 7,000,000,000 sqft of space. The firm will create a new segment called Building Operations & Experience - unifying building operations, workplace experience and property management services.

ICYMI: Since 2020 CBRE had bought roughly 40% of Industious, and given a $100M convertible note. The remainder of the company is being acquired for around $400M.

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