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     117  0 Kommentare Arlington Capital Partners to Sell J&J Worldwide Services to CBRE

    Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm specializing in government regulated industries, today announced it has agreed to sell J&J Worldwide Services (“J&J” or the “Company”) to CBRE Group Inc. (NYSE: CBRE). J&J is a leading provider of essential, preventative maintenance activities to the U.S. Federal Government with over 250 hospitals, clinics and military installations and 3,300 employees globally. The purchase price will be up to $1.05 billion, including $800 million of upfront cash and up to $250 million of contingent consideration subject to meeting certain performance thresholds.

    Founded in 1970 and headquartered in Franklin, Tennessee, J&J has a comprehensive portfolio of facility support offerings for federal government and healthcare facilities, including aseptic cleaning, maintenance and engineering services, as well as a diverse range of facility management, operational support and integrated asset management services for US Department of Defense military hospitals and bases.

    Michael Lustbader, a Managing Partner at Arlington, said, “During our partnership, J&J has achieved significant organic growth by winning large, transformational and critical contracts at facilities where failure is simply not an option for the United States. We are proud to have extended J&J’s 50-year history of continuous organic growth under our ownership. CBRE’s leadership in real estate services and global footprint position them to be an excellent home for J&J to build upon its achievements. J&J represents a prime example of Arlington’s ability to invest in founder-owned businesses and accelerate their growth through our industry expertise and network of world-class executives.”

    “It was vital for us to continue the legacy and culture that the Voudouris family worked tirelessly to build. Our partnership with Arlington allowed us to stay true to these core values while accelerating organic growth in all parts of our business,” commented Steve Kelley, CEO of J&J. “Over the last four years and with excellent guidance from Arlington, we have been able to make great strides in further realizing our full potential through increasing our global reach and footprint as well as bringing our unique capabilities to a broader set of customers. The management team and I are excited for our future with CBRE and the opportunities ahead for our combined organizations.”

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    Arlington Capital Partners to Sell J&J Worldwide Services to CBRE Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm specializing in government regulated industries, today announced it has agreed to sell J&J Worldwide Services (“J&J” or the “Company”) to CBRE Group Inc. …

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