CBRE has entered into a definitive agreement to acquire Heery International, Inc., a leading provider of project management services and design engineering services across the U.S. The business is being acquired from the international infrastructure group, Balfour Beatty LLC.
This acquisition is consistent with our strategy of building our project management expertise and capabilities. Heery’s deep project management expertise and strong leadership team are a great complement to CBRE’s existing capabilities in both local market and account-based project management services. Their strong track record of client service will deepen CBRE’s relationships in the public and educational sectors, grow the company’s position in such new vertical segments as aviation and sports, complement our capabilities in healthcare and add capabilities and expertise in design engineering services.
Based in Atlanta, Heery has approximately 535 employees in 19 U.S. offices, providing services including project management, design engineering and commissioning.
CBRE maintains the largest network of professional commercial real estate project managers worldwide. Its more than 5,000 specialists, including 350+ LEED-certified professionals, oversaw projects with a total contract value of more than $42 billion worldwide in 2016.
The transaction is expected to close during the fourth quarter, subject to customary closing conditions.