M&A Deal Summary

Brookfield Business Partners Acquires Modulaire Group

On June 27, 2021, Brookfield Business Partners acquired real estate company Modulaire Group for 5.0B USD

Acquisition Highlights
  • This is Brookfield Business Partners’ 1st transaction in the Real Estate sector.
  • This is Brookfield Business Partners’ 4th largest (disclosed) transaction.
  • This is Brookfield Business Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-27
Target Modulaire Group
Sector Real Estate
Buyer(s) Brookfield Business Partners
Deal Type Add-on Acquisition
Deal Value 5.0B USD

Target

Modulaire Group

London, United Kingdom
website
Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China. Modulaire Group is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Brookfield Business Partners

Hamilton, Bermuda

website


Category Company
Sector Business Services
Employees67,315
Revenue 37.6B USD (2020)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Its current operations are primarily in business services, construction, energy, and industrial operations.


DEAL STATS #
Overall 3 of 8
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 1
Year (2021) 1 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Nova Cold Logistics

Brampton, Ontario, Canada

Nova Cold Logistics is a cold storage platform provider. Nova Cold Logistics offers modern cold storage facilities, superior customer care and service, CFIA establishments and a long-term partnership approach that aims to maximize your success. Nova Cold Logistics is based in Brampton, Ontario.

Sell CA$337M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 DexKo Global

Novi, Michigan, United States

DexKo Global is a provider of highly engineered running gear technology, chassis assemblies, and related components with over 130 years of trailer and caravan componentry experience. DexKo Global was founded in 2015 and is based in Novi, Michigan.

Buy $3.4B