Asset Manager

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Pearce Services

Pearce Services offers outsourced repair, maintenance, and engineering services to critical infrastructure in the renewable energy, power generation, and...

Pearce Services

Pearce Services offers outsourced repair, maintenance, and engineering services to critical infrastructure in the renewable energy, power generation, and telecom industries. Its services include expansion and repair for broadband networks, cell site tower services, network planning and operations, and maintenance for solar, wind, EV, and battery energy storage systems. The company was founded in 1981 in Paso Robles, California, and was acquired by CBRE Group in November 2025 for between $1.2 billion and $1.31 billion.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Paso Robles

Corporate office

Paso Robles, CA

Sector focus

InfrastructureTelecom ServicesEnergy Transition & Renewables

Frequently asked questions

Who owns Pearce Services?

Pearce Services is a portfolio company of New Mountain Capital, a New York-based private equity firm with over $45 billion in assets under management (per New Mountain Capital, 2024). The acquisition was completed in 2021, transitioning Pearce from an independent operator to a sponsored platform executing a buy-and-build strategy in critical infrastructure services.

How does Pearce Services source growth in a fragmented market?

Pearce grows through a deliberate acquisition strategy, identifying regional operators in telecom tower maintenance, generator servicing, and clean energy field support. By consolidating these smaller players, Pearce achieves geographic density, cross-sells services across overlapping customer bases, and leverages national procurement scale for equipment and training.

Does Pearce Services operate as a traditional investment manager or fund?

No. Pearce is an operating business, not a fund manager. It does not raise external capital from limited partners or manage separately structured investment vehicles. Its capital structure—with equity and debt arranged by New Mountain Capital—is used entirely for corporate operations and acquisitions within the field-services sector.

What types of infrastructure assets does Pearce maintain?

Pearce technicians service wireless macro towers, small-cell sites, commercial-scale backup generators, DC fast-charging EV stations, and solar-plus-storage installations. The unifying thread is distributed physical infrastructure requiring periodic preventive maintenance, repair, and upgrade—often in hard-to-reach locations across the United States.

Is Pearce's work purely a telecom tower climber business, or has it diversified?

It has diversified well beyond tower climbing. While telecom services—cell site maintenance, commissioning, and decommissioning—remain foundational, the company has invested heavily in energy transition services. Pearce now deploys field teams for EV charger repair and for inverter and panel maintenance at renewable energy sites, considerably broadening its end-market exposure.

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