Set to close in the fourth quarter, Dallas real estate giant CBRE Group Inc.'s $1.3-billion proposed cash buy of a 60% majority stake in U.K.-based program and cost manager Turner & Townsend Holdings Ltd. is creating a stir on both sides of the Atlantic.
为了在不确定的房地产市场中扩大基于收费的客户服务，基础设施开发和能源转型，CBRE于7月30日宣布了这笔交易，该交易自去年下半年起就一直在进行。结束时，T＆T的106个合作伙伴将拥有其余40％的份额。该公司的价值约为22亿美元。
随着大流行的影响，CBRE报告说，Flat 2020年收入为238亿美元，收入比2019年下降了。但第一季度2021收入比去年同期的水平增长了1％。
总部位于英格兰的利兹T＆T还公布了4月30日截至年度的收入下降，报告了9.23亿美元，该公司援引由于大流行，其机场项目管理活动的重大损失。T＆T在全球100多个办事处的45个国家 /地区运营。
世邦魏理仕排名在5号位顶级PM / CM-fo新利18备用r-fee list, with $1.675 billion in 2020 global revenue reported. T&T ranks at No. 9, with $506.7 million reported.
CBRE President 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.”
美国合并和收购顾问Morrissey-Goodale的合伙人Mick Morrissey告诉ENR，该股权为CBRE提供了更大的角色。新利18备用
CBRE last month also created a special corporate entity to merge with solar-energy builder Altus Power, in a transaction that valued that firm at $1.5 billion.
T&T美洲将会获得更大的市场和“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.
Clancy said that the the company, founded in 1946, had in past years been an acquisition target of rival firms and private equity buyers. It had to cancel a public offering of stock due to its timing during the 2007-2008 global financial crunch. CBRE, which went public in 2004, is traded on the New York Stock Exchange.
阅读Turner＆Townsend增长和战略的新利18备用最新深入介绍here。
Industry observers in the UK praised the "nice premium" paid by CBRE, according to a comment in建造, 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.
“This is a very real risk that management traded off against the benefits of being part of CBRE,” a U.S. industry executive told ENR. “Can the branding work and will it resonate with both sets of customers?”
这笔交易达成，总部位于美国的顾问巨头Tetra Tech上个月还宣布，其购买了900人的英国咨询工程师Hoare Lea，价格未公开。这家帕萨迪纳公司（Pasadena Firm）在2019年以5500万美元的现金交易购买了英格兰的顾问WYG，拥有1,600名员工。
The Hoare Lea purchase "further advances Tetra Tech’s industry-leading sustainable building solutions for our commercial and government clients,” Tetra Tech CEO Dan Batrack, said in a statement.
