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Sign in Sign up for a FREE subscriptionJLL to acquire HFF in $2b deal
Jones Lang LaSalle has agreed to acquire HFF Inc. in a cash-and-stock deal with an equity value of $2 billion.
The transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, capital markets, Americas and co-chair of JLL’s global capital markets board.
The transaction is expected to close in the third quarter of 2019.
Upon closing of the transaction, JLL shareholders are expected to own approximately 87 percent of the combined company, and HFF shareholders are expected to own approximately 13 percent.
Since 1998, Dallas-based HFF has closed more than $800 billion in more than 27,000 transactions, achieving record revenue in 2018 of more than $650 million.
