CBRE Group, Inc. has acquired J&J Worldwide Services, a leading provider of engineering services to the U.S. federal government, for $800 million, enhancing its capabilities in government contracting.

Target Overview

CBRE Group, Inc. (NYSE: CBRE) has successfully completed its acquisition of J&J Worldwide Services, a premier provider of engineering services, base support operations, and facilities maintenance for the U.S. federal government. This acquisition was made from Arlington Capital Partners, a private investment firm located in the Washington, D.C. area, which specializes in government-regulated industries. J&J Worldwide Services primarily serves the U.S. Department of Defense and has secured long-term, fixed-price contracts vital for its operations.

Employing over 3,300 individuals globally, J&J Worldwide Services supports more than 250 locations, including hospitals, clinics, and military installations primarily in the United States and also extending to Europe, Asia, the Caribbean, and the Middle East. Notable facilities served include the Brooke Army Medical Center, the Walter Reed National Military Medical Center, and the United States Naval Academy, establishing the company as a significant player in government contracting.

Industry Overview

The U.S. defense industry is a critical sector characterized by its long-term contracts and extensive regulatory environment. The demand for engineering services and facilities maintenance is growing as milita