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.