Brookfield’s private equity group to sell BGRS for $230 mln
The private equity group of Brookfield Asset Management has agreed to sell BGRS, a Burr Ridge, Illinois-based provider of talent mobility solutions. Brookfield said it expects to generate net proceeds of US$230 million from the sale of the company to Relo Group Inc, a Tokyo, Japan-based corporate outsourcing services provider. The deal is expected to close in the second quarter. BGRS, formerly Brookfield Global Relocation Services, has been owned by Toronto-based Brookfield for many years. Established in 1963, BGRS manages more than 60,000 corporate and government client relocations annually in over 140 countries. The company has a second office in Toronto.
25 April 2019•2 mins read
