CBRE Group, a commercial real estate services and investment firm, has acquired Full Spectrum Group, a provider of technical support services for laboratory systems in the U.S., from Pfingsten Partners for a total consideration of $110 million.
Full Spectrum Group is headquartered in Laguna Hills, Calif. and has more than 150 employees in 20 locations throughout the U.S. The deal works to give CBRE a new technical capability that complements its existing global Integrated Laboratory Solutions capabilities for clients in the research and laboratory equipment sector. CBRE aims to self-deliver maintenance and repair services for handling laboratory assets, including liquid and gas chromatography, mass spectroscopy and thermal equipment.
“Full Spectrum’s highly specialized capabilities and coverage in the key U.S. life sciences hubs further differentiates our Integrated Laboratory Solutions and positions CBRE to self-deliver an impressive range of scientific laboratory maintenance and repair services,” comments John Dunstan, CEO, GWS at CBRE. “This acquisition is consistent with our strategy to deliver reliable, sustainable, operationally excellent and cost-efficient technical service offerings executed by the best talent, across our clients’ facilities.”