| Abstrakt: |
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. [ABSTRACT FROM PUBLISHER] |
