CBRE Group, Inc. Closes Acquisition of J&J Worldwide Services
CBRE Group, Inc. (NYSE:CBRE) and Arlington Capital Partners today announced CBRE’s completion of its acquisition of J&J Worldwide Services, a leading provider of engineering services, base support operations and facilities maintenance for the U.S. federal government from Arlington, a Washington, D.C.-area private investment firm specializing in government regulated industries.
- CBRE Group, Inc. (NYSE:CBRE) and Arlington Capital Partners today announced CBRE’s completion of its acquisition of J&J Worldwide Services, a leading provider of engineering services, base support operations and facilities maintenance for the U.S. federal government from Arlington, a Washington, D.C.-area private investment firm specializing in government regulated industries.
- J&J primarily serves the U.S. Department of Defense through long-term, fixed-price contracts.
- It serves such facilities as Brooke Army Medical Center, Walter Reed National Military Medical Center and the United States Naval Academy.
- “The acquisition is consistent with key elements of our M&A strategy that focus on enhancing our technical services capabilities, increasing revenue resilience and secular growth, and expanding our government client base within our Global Workplace Solutions segment,” said Bob Sulentic, chair & chief executive officer of CBRE.