CBRE Group, Inc. Acquires Environmental Systems, Inc.
April 14 2015 - 8:30AM
Business Wire
ESI Enhances CBRE’s Facilities and Energy
Management Services
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired
Environmental Systems, Inc. (ESI), a leading systems integrator and
provider of energy management services in the United States.
ESI develops innovative solutions that enable commercial
property occupiers and owners to efficiently manage their building
systems and remotely monitor and analyze energy usage in real time
to identify and achieve potential savings. ESI is providing
analytics-driven managed services on over 180 million sq. ft. of
facilities at over 2,800 sites throughout the U.S.
“ESI complements our existing suite of facilities-related
outsourcing services. Our clients increasingly look to us to
leverage new and existing controls — and the data that can be
extracted from systems — and remote monitoring to drive greater
energy efficiency,” said Bill Concannon, chief executive officer,
Global Corporate Services, CBRE. “This is a core strategy and
growing capability for CBRE. ESI’s professionals will enhance our
expertise and service offering in energy & sustainability
management.”
Founded in 1986, ESI, based in Brookfield, Wisconsin, offers a
wide range of technology, solutions and services in the areas of
systems integration, building automation, energy management,
advanced analytics, security systems, and support services. The
company serves a wide range of facility types including office,
retail, industrial, critical environments, health care and
education.
The acquisition of ESI follows CBRE’s announcement of a
definitive agreement to acquire the Global WorkPlace Solutions
(GWS) business of Johnson Controls, Inc., expected to close in the
late third quarter or early fourth quarter of 2015. GWS is a
market-leading provider of integrated facilities management
solutions for major occupiers of commercial real estate. Both
transactions underscore CBRE’s commitment to provide global,
industry-leading facilities management solutions — including energy
& sustainability products and services — for its clients.
“We value long-term relationships with our customers and work
closely with them to reduce costs, improve efficiency and maximize
their facility investment,” said Paul Oswald, president, ESI.
“Joining CBRE’s high-quality, integrated Energy &
Sustainability service offering will further our goal of providing
superior solutions that meet the ever-evolving needs of our
clients.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (in terms of
2014 revenue). The Company has more than 52,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through more than 370 offices (excluding affiliates)
worldwide. CBRE offers strategic advice and execution for property
sales and leasing; corporate services; property, facilities and
project management; mortgage banking; appraisal and valuation;
development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.
“Safe Harbor” Statement Under the U.S. Private Securities
Litigation Reform Act of 1995
Certain of the statements in this release regarding the
acquisition of Environmental Systems, Inc. (“ESI”) that do 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. These
forward-looking statements involve risks and uncertainties,
including, but not limited to, the ability of the parties to
successfully integrate ESI with CBRE’s existing operations, as well
as other risks and uncertainties discussed in CBRE’s filings with
the U.S. Securities and Exchange Commission (SEC). Any
forward-looking statements speak only as of the date of this
release and, except to the extent required by applicable securities
laws, CBRE expressly disclaims any obligation to update or revise
any of them to reflect actual results, any changes in expectations
or any change in events. If CBRE does update one or more
forward-looking statements, no inference should be drawn that it
will make additional updates with respect to those or other
forward-looking statements. For additional information concerning
factors that may cause actual results to differ from those
anticipated in the forward-looking statements, and risks to CBRE’s
business in general, please refer to CBRE’s SEC filings, including
its Annual Report on Form 10-K for the fiscal year ended December
31, 2014. Such filings are available publicly and may be obtained
off the Company’s website at www.cbre.com or upon request from the
CBRE Investor Relations Department at
investorrelations@cbre.com.
CBRE Group, Inc.Steve Iaco, 212-984-6535Investor
RelationsorRobert McGrath, 212-984-8267Corporate Communications
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