Sale to CBRE Group, Inc.

Technology & Services
Sale to CBRE Group, Inc.

Summary

Baird served as exclusive financial advisor to FacilitySource Holdings, LLC on this transaction

About

FacilitySource Holdings, LLC (“FacilitySource” or the “Company”), a portfolio company of Warburg Pincus LLC (“Warburg” or the “Firm”), was recently acquired by CBRE Group, Inc. (“CBRE Group”) (NYSE:CBRE) for ~$290 million in cash.

FacilitySource operates in the multi-billion dollar integrated facility management market offering companies with large, dispersed real estate portfolios an innovative, high quality alternative to traditional facility support solutions. The Company’s services are grounded in advanced analytics capabilities that tap into unique performance data gathered over a dozen years across $3 billion of annualized spending. The Company supports more than 120,000 client locations nationwide for facilities management services, capital-improvement and energy-management projects, with a particular emphasis on large multi-site portfolios. FacilitySource’s operations center is in Columbus, Ohio, with back-office support in Phoenix, Arizona.

Warburg is a leading global private equity firm focused on growth investing. The Firm has more than $44 billion in private equity assets under management. The Firm’s active portfolio of more than 160 companies is highly diversified by stage, sector and geography. Warburg is an experienced partner to management teams seeking to build durable companies with sustainable value. Warburg is headquartered in New York, New York.

CBRE Group, a Fortune 500 and S&P 500 company, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). CBRE Group has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE Group offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. CBRE Group is headquartered in Los Angeles, California.
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Technology & Services
Sale to CBRE Group, Inc.
Date
June 2018
Company
FacilitySource Holdings, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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