April 2015 |
[an error occurred while processing this directive] |
|
CBRE Group, Inc. Acquires Environmental Systems, Inc.
Articles |
Interviews |
Releases |
New Products |
Reviews |
[an error occurred while processing this directive] |
Editorial |
Events |
Sponsors |
Site Search |
Newsletters |
[an error occurred while processing this directive] |
Archives |
Past Issues |
Home |
Editors |
eDucation |
[an error occurred while processing this directive] |
Training |
Links |
Software |
Subscribe |
[an error occurred while processing this directive] |
ESI Enhances CBRE’s Facilities and Energy Management Services
Los Angeles, April 14, 2015 – CBRE Group, Inc. (NYSE:CBG) today
announced that it has acquired Environmental Systems, Inc. (ESI), a
leading systems integrator and provider of energy management services
in the United States.
ESI develops innovative solutions that enable commercial property
occupiers and owners to efficiently manage their building systems and
remotely monitor and analyze energy usage in real time to identify and
achieve potential savings. ESI is providing analytics-driven managed
services on over 180 million sq. ft. of facilities at over 2,800 sites
throughout the U.S.
“ESI complements our existing suite of facilities-related outsourcing
services. Our clients increasingly look to us to leverage new and
existing controls -- and the data that can be extracted from systems --
and remote monitoring to drive greater energy efficiency,” said Bill
Concannon, chief executive officer, Global Corporate Services, CBRE.
“This is a core strategy and growing capability for CBRE. ESI's
professionals will enhance our expertise and service offering in energy
& sustainability management.”
Founded in 1986, ESI, based in Brookfield, Wisconsin, offers a wide
range of technology, solutions and services in the areas of systems
integration, building automation, energy management, advanced
analytics, security systems, and support services. The company serves a
wide range of facility types including office, retail, industrial,
critical environments, health care and education.
The acquisition of ESI follows CBRE’s announcement of a definitive
agreement to acquire the Global WorkPlace Solutions (GWS) business of
Johnson Controls, Inc., expected to close in the late third quarter or
early fourth quarter of 2015. GWS is a market-leading provider of
integrated facilities management solutions for major occupiers of
commercial real estate. Both transactions underscore CBRE’s commitment
to provide global, industry-leading facilities management solutions --
including energy & sustainability products and services -- for its
clients.
[an error occurred while processing this directive]
“We value long-term relationships with our customers and work closely
with them to reduce costs, improve efficiency and maximize their
facility investment,” said Paul Oswald, president, ESI. “Joining CBRE’s
high-quality, integrated Energy & Sustainability service offering
will further our goal of providing superior solutions that meet the
ever-evolving needs of our clients.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world’s largest commercial real
estate services and investment firm (in terms of 2014 revenue).
The Company has more than 52,000 employees (excluding affiliates), and
serves real estate owners, investors and occupiers through more than
370 offices (excluding affiliates) worldwide. CBRE offers strategic
advice and execution for property sales and leasing; corporate
services; property, facilities and project management; mortgage
banking; appraisal and valuation; development services; investment
management; and research and consulting. Please visit our website at
www.cbre.com.
[an error occurred while processing this directive]
[Click Banner To Learn More]
[Home Page] [The Automator] [About] [Subscribe ] [Contact Us]