CBRE Acquires FacilitySource
06.13.18
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Simpson Thacher represented CBRE Group, Inc. (NYSE:CBRE) in connection with its acquisition of FacilitySource, LLC from Warburg Pincus for approximately $290 million in cash.
FacilitySource 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.
CBRE Group, Inc. is a leading commercial real estate services and investment firm and 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.
The Simpson Thacher team includes Mark Pflug, Ravi Purushotham, Janet Kyung Ah Yu, Jun Won Kim and Kevin O’Connell (M&A); Andrew Purcell and Sarah Duffy (Tax); Tristan Brown and Patricia Adams (Executive Compensation and Employee Benefits); Lori Lesser and Cecillia Xie (Intellectual Property); Krista McManus (Real Estate); Adeeb Fadil (Environmental); Eli Isak (Credit); Peter Guryan, Kelly Karapetyan and Karen Hunt (Antitrust); and Steven DeLott (Insurance). Summer Associates Nicole Fu and Patrick Sandman provided invaluable assistance.