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EagleBank Presents: 15 Things You Need to Know

Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

June 13, 2018 Bisnow

Bisnow Morning Brief Washington DC

EagleBank Presents: 15 Things You Need to Know

CBRE Pays $290M For Facilities

Management Provider FacilitySource

CBRE Group has acquired facilities management specialist FacilitySource, a Columbus, Ohio-based company with over 120,000 client locations nationwide, for about $290M in cash. FacilitySource started out as a software company in 2005 and began managing service providers for landlords, particularly in the retail sector, after it was acquired in 2012 by Warburg Pincus, which sold it to CBRE. The company's new owner says the deal will help it build a tech-enabled supply chain capability.

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