Brookfield to launch new global facilities management business
Brookfield Asset Management has agreed to purchase the other 50 percent of its Canadian and Australian facilities management companies from partner Johnson Controls Inc. The acquisition price is about US$200 million. The deal will facilitate a merger with Brookfield subsidiaries as part of a broader plan to create a global facilities management business. Brookfield said that it will immediately launch a related platform in the United States and Europe. Update: The Toronto-based firm added that it also has plans to launch an infrastructure-focused facilities management operation.
23 January 2015•3 mins read
