The Firm represented CBRE Group (NYSE: CBRE) (“CBRE”) in connection with its acquisition of Full Spectrum Group, a leading provider of expert technical support services for high-end laboratory systems in the United States, from private equity firm Pfingsten Partners for $110 million.
Headquartered in Laguna Hills, California, Full Spectrum Group has more than 150 employees, including more than 100 field engineers, in 20 locations throughout the US and serves clients with a full range of service contracts, preventative maintenance programs, calibration and validation, repair services, parts and reconditioned instruments. Full Spectrum Group will be fully integrated into CBRE’s Global Workplace Solutions (GWS) Integrated Laboratory Solutions business.
CBRE, a Fortune 500 and S&P 500 company headquartered in Dallas, Texas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 included Mark Pflug, Christopher Scavone, Robert Harrison, Zachary Needle and Eric Schwed (M&A); Tristan Brown, Harry Hudesman and Ryan Kenny (Employee Benefits and Executive Compensation); Russell Light and Andrew Mandelbaum (Tax); Jessica Cohen, Kate Mirino and Mark Natividad (Intellectual Property); Vanessa Burrows (Healthcare); Krista McManus (Real Estate); Michael Isby (Environmental); Steve DeLott (Insurance); and Peter Guryan, Kelly Karapetyan, James Goldfeier and Max Fischer-Zernin (Antitrust).