New Mountain Capital Partners with Pearce Services as Pearce Acquires MaxGen Energy Services and World Wind & Solar

CBRE Group Acquires Pearce Services from New Mountain Capital

November 4, 2025

Engineering Services

CBRE Group, Inc. agreed to acquire Pearce Services, LLC from New Mountain Capital for approximately $1.2 billion in cash plus an earn-out of up to $115 million. The acquisition expands CBRE's digital and power infrastructure capabilities by adding Pearce's design engineering, maintenance and repair services for critical power, cooling, renewable energy and telecom infrastructure; Pearce has more than 4,000 employees and is projected to generate over $660 million of revenue in 2026.

Pearce Services Acquires Unified Power

December 17, 2024

Industrial Services

Pearce Services, a New Mountain Capital-backed provider of mission-critical infrastructure services, has acquired Unified Power, a Terrell, Texas-based provider of UPS and backup generator maintenance and repair services. The deal, supported with incremental capital from Goldman Sachs Alternatives' Hybrid Capital group, expands Pearce's capabilities into UPS services and strengthens its presence across data center, telecom, healthcare and other mission-critical end markets; Incline Equity Partners sold Unified Power.

Aurora Capital Partners Acquires GenServe from GenNx360 Capital Partners

August 5, 2024

Industrial Services

Aurora Capital Partners has acquired GenServe, a leading independent provider of commercial and industrial backup power solutions, from GenNx360 Capital Partners. GenServe operates maintenance, repair, rental and sales services across multiple U.S. states with over 350 employees and 16 locations; terms were not disclosed.

Pearce Renewables Acquires MFG Energy Services

August 5, 2022

Energy

Pearce Renewables, a division of Pearce Services, has acquired MFG Energy Services, a division of Molded Fiber Glass Companies, to expand its composite blade repair, engineering, maintenance, and inspection services for wind turbines. The acquisition (terms undisclosed) strengthens Pearce Renewables' position in the renewable energy services market and is an add-on to Pearce's growing renewables platform backed by New Mountain Capital.

Pearce Renewables Acquires Mountain Renewables

September 16, 2021

Energy

Pearce Renewables, a division of Pearce Services, has acquired Mountain Renewables, a U.S.-based provider of technical field services for utility-scale wind and solar. The acquisition expands Pearce's operations, maintenance, and technical capabilities across wind and solar and bolsters its national renewables service platform.

Pearce Renewables Acquires Mortenson Energy Services

June 3, 2021

Energy

Pearce Renewables, a division of Pearce Services, has acquired Mortenson Energy Services to expand its operations and maintenance capabilities across utility‑scale wind, solar, EV charging, and battery energy storage infrastructure. The deal combines Mortenson’s experienced wind-service teams with Pearce Renewables’ existing brands and engineering capabilities to create a larger independent renewable‑energy service provider.