CBRE Group, Inc. Acquires Heery International, Inc.

November 17, 2017

CBRE Group, Inc. (NYSE: CBG) today announced it has completed its previously-announced acquisition of Heery International, Inc. (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.

Heery, based in Atlanta, is a leader in providing project management, design and commissioning services across the U.S., with a wide range of corporate, government, healthcare, sports, aviation and education clients.

“This acquisition advances our strategy to grow our project management expertise and capabilities.  Heery has a strong track record of client service with many longstanding relationships spanning decades,“ said Mike Lafitte, CBRE’s Global Group President, Lines of Business. “Their deep project management expertise and strong leadership team are a great complement to CBRE’s existing capabilities in both our local market and account-based project management services.”

“We are particularly excited about Heery’s ability to deepen our relationships in the public and educational sectors, grow our position in such new vertical segments as aviation and sports, and add capabilities and expertise in design engineering services,” he added.

Heery will continue to be led by senior executives Ted Sak and Glenn Jardine.  Heery’s professionals will collaborate closely with CBRE’s project management teams who deliver services in local markets across the U.S. as well as its professionals who execute account-based project management programs through its occupier outsourcing business line, Global Workplace Solutions.

“We believe our expertise is a great fit with CBRE’s focus on delivering comprehensive, fully integrated commercial real estate solutions,” said Mr. Jardine. “We look forward to working with our new CBRE colleagues across the country to provide these solutions to a broader range of corporate and institutional clients than ever before and achieving further growth in our core markets.”

Founded in 1952, Heery has approximately 535 employees in 19 U.S. offices, providing services including project management, architecture, engineering, interior design, 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.

See the latest posts on our homepage


Share

Topic Area: Press Release


Recent Posts
Recent Posts

CVS-Aetna merger may hurt some healthcare facilities


Deal will give CVS 22 million health plan members

12/8/2017

Blog

Growing facilities ROI, capabilities by reducing contracts


Is your facilities department actively handling work in your facility, or just managing contractors?

12/8/2017

Focus: Energy Efficiency

Healthcare facilities energy efficiency challenge


Healthcare facilities must cope with the challenges of energy management in a mission-critical environment

12/8/2017

$450 million replacement healthcare facility planned in Lansing


The new hospital will have 240 beds, cancer center and ambulatory care

12/8/2017

Behavioral healthcare construction projects on the rise


Reasons for increase include the addition of more safety measures and a reduction in the stigma associated with treatment, according to an article on the Healthcare Design website

12/8/2017





Post Comment




FREE
NEWSLETTER

• News and Updates
• Webcast Alerts
• Building Technologies



All fields are required.