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Announced

Completed

JLL completed the acquisition of Building Engines for $300m.

Financials

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Transaction Value£217m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

United States

Domestic

Majority

Real Estate Services

commercial real estate

Acquisition

Single Bidder

Completed

Synopsis

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JLL, a professional services firm that specializes in real estate and investment management, completed the acquisition of Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income, for $300m. "The combination of JLL's expertise in managing buildings, Building Engines' leading building operations software platform and JLLT's CRE technology leadership will accelerate the transition of property operations from manual and reactive activities to technology-informed, automated or digitized activities," Jay Koster, JLL President of Investor Services, Americas.

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