JP Insights(@jpinsights):$CBRE has agreed to buy Onnec for $610M upfront, with another $400M tied to growth targets. Onnec installs and maintains network and fiber infrastructure for hyperscalers. CBRE expects roughly $498M in revenue and more than $67M in core EBITDA from the business in 2027. I like seeing what companies are actually willing to pay for exposure to the buildout. Here, the money is going into the installation and maintenance work around the hardware. It’s also why I keep paying attention to service within $VRT.

JP Insights

@jpinsights

I write about the boring stuff behind AI. Longer analysis available on my Substack. NFA

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JP Insights@jpinsights

2026.10.20 16:47

$CBRE has agreed to buy Onnec for $610M upfront, with another $400M tied to growth targets. Onnec installs and maintains network and fiber infrastructure for hyperscalers. CBRE expects roughly $498M in revenue and more than $67M in core EBITDA from the business in 2027. I like seeing what companies are actually willing to pay for exposure to the buildout. Here, the money is going into the installation and maintenance work around the hardware. It’s also why I keep paying attention to service within $VRT.