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CBRE GROUP, INC. 8-K Report, Acquisition Completed (Sep 2, 2015)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed September 2, 2015
Period End
September 1, 2015
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed September 2, 2015. Cited figures are marked; the original filing is the authoritative source.

CBRE Group, Inc. (CBRE) announced the successful completion of its acquisition of Johnson Controls, Inc.'s Global Workplace Solutions (GWS) business on September 1, 2015.

This significant transaction involved a cash payment of $1.475 billiona, with additional adjustments for working capital and other items totaling approximately $36 million, partially offset by $45 million in cash received during the transaction. The acquisition of GWS is a strategic move by CBRE to enhance its service offerings and market position in the commercial real estate services sector. Investors should note that the purchase price is subject to further post-closing adjustments as detailed in the original Stock and Asset Purchase Agreement.

This acquisition is expected to have a material impact on CBRE's operational scale and future growth trajectory. The filing serves as a formal notification of the transaction's closure, signaling the integration phase and potential synergies ahead.

02—Key points

Key Highlights

  1. CBRE Group, Inc. completed the acquisition of Johnson Controls, Inc.'s Global Workplace Solutions (GWS) business on September 1, 2015.
  2. The total purchase price was $1.475 billion in cash, plus approximately $36 million in net working capital and other adjustments.
  3. CBRE received approximately $45 million in cash as part of the transaction's net adjustments.
  4. The acquisition was conducted through CBRE, Inc., a subsidiary of CBRE Group, Inc.
  5. The purchase price is subject to customary post-closing adjustments as outlined in the purchase agreement.
  6. The transaction was initially disclosed on March 31, 2015, via a Stock and Asset Purchase Agreement.
  7. The filing confirms the completion of a significant strategic acquisition for CBRE in the commercial real estate services market.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of this 8-K filing?

    This 8-K filing primarily serves to report the completion of CBRE Group, Inc.'s acquisition of Johnson Controls, Inc.'s Global Workplace Solutions (GWS) business, which occurred on September 1, 2015.

  2. What was the total cost of the acquisition?

    The acquisition involved a cash payment of $1.475 billion, with an additional approximately $36 million in net adjustments for working capital and other items. Importantly, CBRE also received approximately $45 million in cash as part of these adjustments, effectively reducing the net cash outlay.

  3. Are there any further financial implications or adjustments related to this acquisition?

    Yes, the total purchase price is subject to post-closing adjustments as detailed in the Stock and Asset Purchase Agreement. Investors should refer to the agreement for the specific terms and conditions governing these adjustments.

  4. What is the GWS business, and why is this acquisition significant for CBRE?

    The GWS business from Johnson Controls is a significant entity within the facilities management and workplace solutions sector. Acquiring it is a strategic move for CBRE to expand its service offerings, geographic reach, and overall market leadership in providing comprehensive commercial real estate services to global clients.

04—Continue

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