Brookfield GIS to acquire SNC-Lavalin's real estate FM business
Brookfield Global Integrated Solutions has agreed to acquire the Canadian real estate facilities management business of SNC-Lavalin (TSX: SNC). No financial terms were disclosed for the deal, which is expected to wrap up by the end of 2016. The SNC-Lavalin unit manages multi-million square feet and employs more than 1,000 team members. Its proposed acquisition is the second this month for Brookfield GIS, coming on the heels of the company's announcement to buy McKinstry FMS. Markham, Ontario-based Brookfield GIS is backed by the fourth private equity fund of Brookfield Asset Management, which recently closed at US$4 billion.
30 June 2016•3 mins read
