CBRE Group Inc. announced it completed the acquisition of Brookfield-based systems integrator and energy management services provider Environmental Systems Inc. Monday.
The mammoth Los Angeles-based real estate management firm last week announced it has acquired the Global WorkPlace Solutions division of Glendale-based Johnson Controls Inc. for $1.5 billion. GWS provides integrated facilities management solutions for those with large commercial real estate usage. CBRE, which has more than 52,000 employees and more than 370 offices across the globe, said the acquisition of ESI will expand its energy efficiency offerings.
ESI was founded in 1986 and offers technology, solutions and services for systems integration, building automation, energy management, advanced analytics, security systems and support services. The solutions can be used in office, retail, industrial, critical environments, health care and education facilities. It has about 65 employees, and its Brookfield location will remain open for the foreseeable future, according to a CBRE spokesperson.
ESI’s service offerings allow for more efficient building system management through remote monitoring and real-time analysis of energy usage. It provides the services at more than 2,800 U.S. locations, totaling more than 180 million square feet.
ESI has become part of the Energy & Sustainability team in CBRE’s Global Corporate Services division. The transaction price was not disclosed.
“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 of 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.”
“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.”
