CBRE to Acquire J&J Worldwide Services

CBRE has agreed to acquire J&J World Services from Arlington Capital Partners for $1.05 billion.

CBRE is an investments and commercial real estate services company.

Arlington Capital Partners is a private equity firm that specializes in government-regulated industries.

J&J Worldwide Services is a provider of base support operations, facilities maintenance, and engineering services for the US federal government.

J&J Worldwide Services CEO Steve Kelley stated that becoming a part of CBRE gives J&J a great opportunity to continue building upon and expanding the solutions the company provides the military customers at mission-critical facilities around the world.

Read the full press release here