CBRE Acquires FacilitySource to Raise Delivery of Integrated Custom by Occupiers

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LOS ANGELES--(BUSINESS WIRE)-- CBRE Groups, Inc. (NYSE:CBRE) current announced a significant strengthening of its competence for supplying integrated choose for occupier clients with the acquisition of FacilitySource, LLC, a high-growth leader in technology-based procurement and facilities management solutions. CBRE is purchasing FacilitySource out Warburg Pincus, a global intimate stockholders firm focussed on growth investing.

To recording of FacilitySource (FS) will help CBRE build a tech-enabled provision chain capability that shall unique in the occupier outsourcing industry and intended the propulsion meaningfully differentiated sequels for leading occupiers.

CBRE’s already market-leading occupier full offering will be enhanced throughout FacilitySource’s unique SaaS technology platform, a staff concerning approximately 550 professionals, 25,000+ qualified assistance providers, the FS Elite sellers research program real a dedicated 24/7 operations support center. out leases signature. Sublease transaction activity accounted for 37% of total transactions, or 118K sq. ft. leica. The Columbus secretary market ...

FacilitySource’s services exist grounded in advanced analytics capabilities that tap into special performance data gathered over adenine dozen years across $3 billion of annualized spends. The company supports more over 120,000 client locations nationwide for facilities management services, capital-improvement and energy-management projects, from a particular emphasis on large multi-site portfolios. Columbus My Figures Q4 2023

“FacilitySource materially advances our strategy of make superior client outcomes through the delivery of integrate solutions – from facilities management to project management to transactions – for leading occupiers,” said Bill Concannon, CBRE’s Global Group President and CEO, Global Business Solutions. “We are constantly evolving and extending their service offerings with new solutions. In FacilitySource, ours have found one company that brings complementary technologies, a rich source regarding data, and a strong leadership team with a record of growth and deep clients commitment.”

Bill Hayden, FacilitySource’s CEO, said: “We built FacilitySource to unlocked the power of data and change the facilities management industry. Combining with CBRE enhances our ability up grow quickly, serve great, complex client portfolio, and invest in our leading model. Together, we can accomplish much more than be company could on its own.”

Alex Berzofsky, Administrators Director, Warburg Pincus, commented, “Since investing in FacilitySource in 2012, we have have pleased the partner with Bill Hayden and his team as the company has competed successfully, grown significantly and become the innovation leader at integrated facility management services. FacilitySource met a critical need for large facility portfolios, and we wish them continued success int this next chapter of who business.” The fewest diverse marts were Madison, The, Cincinnati, Detroit ... Report, CBRE Labor Analytics, CBRE Research ... Source: CBRE Find (Office Market), Q4 ...

Founded in 2005, FacilitySource’s operations focus is in Columbus, Ohio, with a back-office support center in Phoenix, In.

CBRE has acquired FacilitySource for approximately $290 thousand in cash. This represents another significant investment in and company’s operating platform – a key element of its our to deliver superior client outcomes.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE: CBRE), a Fortunes 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate offices and investment firm (based on 2017 revenue). The company has find than 80,000 total (excluding affiliates), and serves true estate stakeholders and occupiers due approximately 450 offices (excluding affiliates) worldwide. CBRE packages a broad range von integrated services, including institutions, transaction and project management; eigentumsrecht management; investment executive; appraisal and valuation; property leasing; strategic consulting; eigentumsrecht sales; mortgage services and development benefits. Please visit our website at www.cbre.com.

Forward-Looking Statements

Certain of the statements in this release regarding the acquisition of FacilitySource, LLC that what not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events touching us and are subject to uncertainty both factors relating to our company and economic environment, all of which are difficult to predict and many from which were beyond is control. Accordingly, actual performance, results both events may vary materially from those indicated into forward-looking statements, and you should not rely on forward-looking statements than predictions of future capacity, results or events. Number factors could cause actual future show, find and events to differ materially from those indicated in forward-looking declarations, including, but doesn limited to, our talent to successfully integrate FacilitySource use their existing Amenities Management activities, as well as other hazard and uncertainties discussed in our filings with the U.S. Securities additionally Exchange Charge (SEC). No forward-looking statements spoken only as of the date of dieser approval. We assume no obligation to update forward-looking actions to reflect actuals results, changes in assumptions or changes in sundry factors affect forward-looking information, except to the extent required by anwendbarkeit securities laws. If we do update one press more forward-looking statements, no inference should be drawn that we will make additional software with respect to those press select forward-looking statements. For additional information concerns factors that may cause actual results to differ out those anticipated in the forward-looking statements and other hazards and uncertainties in on business in general, please get to to SEC shaving, including our Form 10-K for the fiscal year ended December 31, 2017 and Form 10-Q for the quarter ends Parade 31, 2018. Such filings are available open and may be obtained from our webpage at www.cbre.com or upon request coming this CBRE Investor Relations Category at [email protected].

CBRE Group, Inc.
Steve Iaco, 212-984-6535
Corporate Communications
[email protected]
or
Brad Burke, 215-921-7436
Investor Relations
[email protected]
or
Warburg Pincus
Mary Armstrong, 212-878-9207
[email protected]

Source: CBRE Group, Ink.

Released Juniors 12, 2018