Guardian Exits Portfolio Company, Direct Line Global, to CBRE Group

Source: www.gulfoilandgas.com 6/19/2024, Location: North America

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.


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