Ropes & Gray LLP acted as legal advisor to New Mountain Capital and Pearce Services, LLC in the sale of Pearce Services to CBRE Group, Inc., a leading provider of advanced technical services for digital and power infrastructure. The transaction was announced in a press release on November 4, 2025.
The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027.
Pearce Services provides design engineering, maintenance, and repair services for blue-chip clients in North America, with primary markets including Critical Power & Cooling Systems, Renewable Energy Generation & Storage, Wireless & Fiber Networks, and Electric Vehicle Charging Networks.
This team included private equity partners Todd B. Kornreich and Carl Marcellino, finance partner Stefanie Birkmann, tax partner Alyssa Kollmeyer, executive compensation & employee benefits partner Danna Kivell and counsel Sean Smith and Jenny Cooper, IP transactions partner Jordan Altman, environmental partner Peter Alpert, litigation & enforcement partner Jonathan Klarfeld and counsel Heather Sprague and Kurt Fowler, data privacy partner Fran Faircloth, and private equity associate Brian Durkin.
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