CBRE Group, a Dallas-based real estate company, has recently acquired J&J Worldwide Services for $800 million in cash. The acquisition was made from Arlington Capital Partners, a private investment firm based in Washington D.C. that specializes in regulated industries.
J&J is a leading provider of engineering services and facilities maintenance for the U.S. federal government. The purchase also includes an additional potential earn-out of up to $250 million payable in 2027 if certain performance thresholds are met by the acquired business.
By 2024, J&J is expected to generate over $525 million in revenue and approximately $65 million of EBITDA (earnings before interest, taxes, depreciation and amortization). This reflects their consistent growth rate of low double digits annually.
With more than 3,300 employees worldwide serving over 250 hospitals and clinics primarily within the United States as well as Europe , Asia , Caribbean ,and Middle East regions . CBRE’s acquisition further solidifies its position as one of the top players within this industry.
