Guardian Capital Partners Exits Portfolio Company, Direct Line Global, to CBRE Group, Inc.
2024年6月19日 - 9:00PM
ビジネスワイヤ(英語)
Guardian Capital Partners (“Guardian”) is pleased to announce
the sale of its portfolio company, Direct Line Global (“Direct
Line” or the “Company”) to CBRE Group, Inc. (NYSE:CBRE) (“CBRE”),
the world’s largest commercial real estate services and investment
firm. Terms of the transaction are not disclosed.
Direct Line, based in Fremont, CA, is a leading technology
infrastructure services provider enabling mission-critical data
centers for the world's largest technology leaders. Direct Line has
over 1,000 skilled technicians to deliver data center services
across the US and Asia Pacific markets. The Company successfully
deploys next-generation infrastructure technologies, including
artificial intelligence platforms, across the data center lifecycle
– design and planning, installation and post-build maintenance, and
technology upgrades and retrofits. For more information, visit
https://dl-global.com/.
Bill Nelligan, CEO of Direct Line, said, “The Company has
achieved significant and diversified growth in a demanding data
center market. Guardian’s partnership was instrumental in fostering
our evolution of the business and we look forward to continuing
this growth under CBRE’s ownership.”
Scott Evans, Founding Partner at Guardian, stated, “During
Guardian’s ownership, the Company invested to scale its platform,
including operations and delivery, data center services offerings,
geographic market expansion, and partnership with blue-chip
customers. The Company is well positioned to meet the increasing
demand for data center services. I am proud of the exceptional
performance of the management team and look forward to seeing the
Company’s future success under the ownership of CBRE.”
The law firm Davis Graham & Stubbs LLP advised Guardian and
the Company, and Lincoln International LLC acted as Direct Line’s
exclusive financial advisor. Sullivan & Cromwell LLP provided
legal advice for CBRE. For more information about the transaction,
contact Scott Evans at Guardian Capital Partners at
sevans@guardiancp.com.
About Guardian Capital Partners
Guardian Capital Partners (“Guardian”) is an operationally
focused private equity firm based in suburban Philadelphia.
Guardian makes control investments in lower middle market consumer,
niche manufacturing, and specialty business services companies.
Guardian partners with management teams to provide equity capital
to fuel the growth of privately held businesses. Guardian believes
the private equity experience and complementary skill sets of the
Guardian team provide a unique combination of operating and finance
capabilities resulting in certainty of execution and meaningful
long-term value creation for its portfolio companies. For more
information about Guardian Capital Partners, visit
www.guardiancp.com.
About CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500
company headquartered in Dallas, is the world’s largest commercial
real estate services and investment firm (based on 2023 revenue).
The company has more than 130,000 employees (including Turner &
Townsend employees) serving clients in more than 100 countries.
CBRE serves a diverse range of clients with an integrated suite of
services, including facilities, transaction and project management;
property management; investment management; appraisal and
valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. For more information,
please visit www.cbre.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618653754/en/
Guardian Capital Partners Scott Evans, 610-263-0107 or
sevans@guardiancp.com