The merger will reinforce Chicago-based Jones Lang LaSalle’s global leadership by combining its integrated global platform and industry-leading corporate solutions business with Staubach’s extensive tenant representation capability and deep presence in key markets in the United States, the companies said.

Under the terms of the agreement, Jones Lang LaSalle will pay $613 million, with $123 million in cash and $100 million in stock paid at the transaction close and the balance paid out in cash over five years, for all of the outstanding capital stock of Dallas-based Staubach Holdings Inc.

“The Staubach Company is recognized for exceptional tenant representation expertise and is a leading presence in markets throughout the United States,” said Colin Dyer, CEO of Jones Lang LaSalle.. “We are delighted that they have decided to join our company. Merging our businesses reinforces two of our global growth priorities, building our position in key U.S. local markets and strengthening our corporate services business by introducing Staubach clients to our global corporate solutions capabilities.”

Roger Staubach, who founded the company that bears his name more than 30 years ago while he was still playing for the Dallas Cowboys, will join the Jones Lang LaSalle board of directors and will serve in the new role of executive chairman, Americas. He will be actively involved in the firm, focusing on client relationships, new business development and strategy.

“This merger is all about working to be the best,” Staubach said. “We want to bring the value of what we’ve built at The Staubach Company to the next level and have chosen to do this with Jones Lang LaSalle because of its global platform, commitment to service and exceptional reputation. In today’s global economy when so many of our clients want an international platform, this merger gives us the opportunity to provide those services seamlessly, as one team working together.”

The combined company will have 33,700 employees around the world and 11,500 in the Americas, with the addition of more than 1,000 Staubach employees. The transaction also will add 14 new corporate offices to Jones Lang LaSalle’s 54 in the Americas, bringing the total corporate offices in the Americas to 68 and globally to 184.

“It’s not about being bigger, it’s about being the best for our clients and our people,” said Greg O’Brien, CEO of The Staubach Company. “By joining forces, we will gain increased scale in strategic areas such as industrial brokerage, facilities management and capital markets, and we will be a dominant player in both tenant representation and agency leasing services across the Americas. Our team will have the resources to provide a higher level of service to our clients through in-depth delivery systems and service offerings.”

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