CBRE Group has purchased FacilitySource from Warburg Pincus for $290 million.
The acquisition of FacilitySource will help CBRE build a tech-enabled supply chain capability that is unique in the occupier outsourcing industry and intended to drive meaningfully differentiated outcomes for leading occupiers.
CBRE’s already market-leading occupier outsourcing offering will be enhanced through FacilitySource’s proprietary SaaS technology platform, a staff of approximately 550 professionals, 25,000+ qualified service providers, the FS Elite vendor development program and a dedicated 24/7 operations support center.
FacilitySource’s services are grounded in advanced analytics capabilities that tap into unique performance data gathered over a dozen years across $3 billion of annualized spending. The company supports more than 120,000 client locations nationwide for facilities management services, capital-improvement and energy-management projects, with a particular
