达拉斯房地产巨头CBRE Group Inc.将于第四季度关闭，13亿美元的拟议现金购买在英国的计划和成本经理Turner＆Townsend Holdings Ltd. 60％的多数股份。大西洋的一面。

Seeking to expand fee-based client services in project management, infrastructure development and energy transformation amid the uncertain real estate market, CBRE announced the deal on July 30, which has been in motion since late last year. At closing, T&T’s 106 partners would own the remaining 40% share. The firm was valued at about $2.2 billion.

With pandemic impacts, CBRE reported flat 2020 revenue of $23.8 billion and an earnings drop from 2019. But first-quarter 2021 revenue rose 1% from its level a year ago, it said.

Leeds, England-based T&T also posted a revenue decline for its year ended April 30, reporting $923 million, with the firm citing a major falloff in its airport project management activity because of the pandemic. T&T operates in 45 countries with more than 100 offices globally.

CBRE在ENR的最高PM/CM-FEE列表中新利luck排名第5，在2020年全球收入中，有16.75亿美元的收入。T＆T排名第9，报告了5.067亿美元。

CBREPresident and CEO Bob Sulentic termed the deal “transformational” for its PM business, pushed by rising public and private infrastructure investment “and the drive to a low-carbon global economy.” He added that “Turner & Townsend is by far the best firm to help us realize our ambitions for this business. It is an exceptionally well-run company with a first-rate brand, enviable client base and expertise that complements our capabilities.”

The stake offers CBRE a larger role "in a segment with stable long-term revenue streams and cash flows through all economic cycles," Mick Morrissey, partner at the U.S. mergers and acquisitions consultant Morrissey-Goodale, told ENR.

CBRE上个月还创建了一个特殊的公司实体，以与太阳能制造商Altus Power合并，该交易估计该公司为15亿美元。

T&T将受益于一个更大的美洲market and “will continue to offer independent advice, solutions and program-level thinking,” said CEO Vincent Clancy. The firm's management and brand won’t currently change, he added.

克兰西说，该公司成立于1946年，过去几年是竞争对手公司和私募股权买家的收购目标。由于其在2007 - 2008年全球金融紧缩期间的时间安排，它必须取消公开发行的股票。CBRE于2004年上市，在纽约证券交易所交易。

Read a recent in-depth ENR profile of Turner &Townsend growth and strategyhere.

根据英国的行业观察家称赞世邦魏理仕（CBRE）支付的“不错的溢价”。Building, a UK-based industry publication. Another claimed that currency differences between the dollar and pound "makes the UK relatively cheap at the moment."

But industry bbservers see culture challenges in T&T’s noted advisory independence as the 7,000-person firm integrates into CBRE’s empire of 100,000 employees, and risk of key staff departures, as the smaller company changes from "a local firm to a global megabeast," a U.K. executive told Building.

一位美国行业主管告诉ENR，“这是一个非常真实的风险，使管理层与成为世邦魏理仕的一部分相反。”新利luck“品牌化可以工作，并且会引起两组客户的共鸣吗？”

The deal comes as U.S.-based consultant giant Tetra Tech also announced last month its purchase of Hoare Lea, a 900-person British consulting engineer in the buildings sector, for an undisclosed price. The Pasadena firm had bought England-based consultant WYG, with 1,600 staff, in a $55-million cash deal in 2019.

Tetra Tech首席执行官Dan Batrack在一份声明中说：“ Hoare Lea购买进一步推动了Tetra Tech为我们的商业和政府客户提供行业领先的可持续建筑解决方案。”