Brookfield doubles its money with sale of Maax, will acquire Greenergy
Brookfield Asset Management’s private equity group earned more than twice the amount it paid to acquire Maax, a bathroom-fixtures maker recently sold to American Bath. The Toronto investor said it sold Maax, a company it held for nearly a decade, to American Bath in January. The buyer, a Savannah, Tennessee, tub-and-shower business, is owned by Lone Star Funds, which acquired it from Sterling Group last year. Brookfield also announced a new platform investment. It struck a deal to acquire a roughly 85 percent stake in Greenergy, a supplier of road fuels to consumers in the United Kingdom.
6 February 2017•3 mins read
