CBRE Group acquires Union Gaming
| By Robert Fletcher
US commercial real estate services and investment business CBRE Group has completed a deal to acquire Union Gaming, a boutique investment bank and advisory company focused exclusively on the global gaming market.
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Financial terms of the deal were not disclosed, but it was confirmed that Union’s employees and CBRE’s existing Las Vegas-based gaming investment sales team led by Michael Parks will join together to form a combined global gaming team
Union co-founder Bill Lerner will also now serve as CBRE’s global head of gaming investment as part of the acquisition agreement.
Based in Las Vegas, Union offers a range of investment banking services, including public debt and equity underwriting, M&A and strategic advisory, and gaming sector thought-leadership.