CBRE acquires US based technology firm Mainstream

CBRE has acquired Ohio-based facilities management operations technology firm Mainstream. The acquisition adds the firm's proprietary mobile and SaaS technology to its portfolio of offerings. The value of the deal has not been disclosed.

Mainstream is an Ohio-based facilities management operations focused technology company, which leverages mobile and software-as-a-service (SaaS) solutions. The company, which was founded in 1989, supports around 90,000 users with its proprietary technology, across 50 countries. The solutions include, among others, tenant work requests, reactive and preventive maintenance scheduling, and analytics.

CBRE’s acquisition of Mainstream makes the technology firm a permanent resource in the firm’s suite of technology offerings, which include the recently acquired Floored. Mainstream was already collating a significant portion of CBRE’s work order volume, prior to the acquisition. With the expertise of Mainstream onboard, CBRE believes it can offer enhanced services and operational savings to its clients in the area of facilities management.

“Owning a suite of key enablement technologies is an integral part of CBRE’s strategy,” says Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “Mainstream fits perfectly with this strategy and our combined product vision will further enable our professionals to operate more efficiently and provide superior experiences and outcomes for our clients.”

The founder of Mainstream, Peter Wallace, reflects on the acquisition, “My team and I have enjoyed working with CBRE over the years and are excited to join this premier business. We look forward to continuing on our past success to offering a technology tool that allows account teams to meet client needs and enhances their abilities to deliver effective solutions.”