Cbre group, inc. expands public sector capabilities with agreement to acquire j&j worldwide services

Dallas--(business wire)--cbre group, inc. (nyse:cbre) today announced a definitive agreement to acquire j&j worldwide services, a leading provider of engineering services, base support operations and facilities maintenance for the u.s. federal government, from arlington capital partners, a washington, d.c.-area private investment firm specializing in government regulated industries. the initial purchase price is $800 million in cash, plus a potential earn-out of up to $250 million, payable.
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