CBRE expands its portfolio with the acquisition of J&J

  • CBRE Group to acquire J&J Worldwide Services for up to $1.05 billion
  • J&J provides maintenance services to the U.S. government
  • Deal includes an initial payment of $800 million and a potential earn-out of up to $250 million
  • Expected to close in the coming months
  • CBRE expects J&J to generate over $525 million in revenue and $65 million in Ebitda this year
  • Arlington Capital acquired J&J in 2020

CBRE Group, a Dallas-based real estate services and investment firm, has announced its plans to acquire J&J Worldwide Services for up to $1.05 billion. J&J is a provider of maintenance services to the U.S. government and offers engineering services, base support operations, and facilities maintenance. The deal includes an initial payment of $800 million, with a potential earn-out of up to $250 million. The acquisition is expected to be completed in the coming months. CBRE projects that J&J will generate more than $525 million in revenue and $65 million in Ebitda this year. J&J was previously acquired by Arlington Capital in 2020.

Public Companies: CBRE Group (CBRE)
Private Companies: undefined, undefined
Key People: Colin Kellaher (Author)

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Factuality Level: 8
Justification: The article provides specific details about the deal between CBRE Group and J&J Worldwide Services, including the purchase price, the services provided by J&J, and the expected revenue and Ebitda. The information is presented in a straightforward manner without any obvious bias or opinion. However, without further verification, it is difficult to confirm the accuracy of the financial figures mentioned in the article.

Noise Level: 7
Justification: The article provides information about CBRE Group’s acquisition of J&J Worldwide Services, a provider of maintenance services to the U.S. government. It includes details about the deal, such as the purchase price and potential earn-out. However, the article lacks analysis or insights into the long-term trends or consequences of the acquisition. It also does not provide evidence or data to support its claims about revenue and Ebitda. Overall, the article contains relevant information but lacks depth and analysis.

Financial Relevance: Yes
Financial Markets Impacted: CBRE Group

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial transaction where CBRE Group is acquiring J&J Worldwide Services for up to $1.05 billion in cash. There is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com