M&A Deal Summary

Brookfield Private Equity Acquires Johnson Controls - Power Solutions Business

On November 13, 2018, private equity firm Brookfield Private Equity acquired electrical equipment company Johnson Controls, Inc. - Power Solutions Business from Johnson Controls, Inc. for 13.2B USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st transaction in the Electrical Equipment sector.
  • This is Brookfield Private Equity’s 1st largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 8th transaction in the United States.
  • This is Brookfield Private Equity’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-11-13
Target Johnson Controls, Inc. - Power Solutions Business
Sector Electrical Equipment
Buyer(s) Brookfield Private Equity
Sellers(s) Johnson Controls, Inc.
Deal Type Divestiture
Deal Value 13.2B USD

Target

Johnson Controls, Inc. - Power Solutions Business

Milwaukee, Wisconsin, United States
Johnson Controls, Inc. - Power Solutions Business is a world-leader working in partnership with its customers to meet increasing electrification requirements in vehicles. Our 15,000 Power Solutions employees create, manufacture, and distribute the most advanced battery technologies for virtually every type of vehicle. These technologies deliver uniquely sustainable, next-generation performance.

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Buyer(S) 1

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
PE ASSETS 44.0B CAD
SizeMega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 14 of 20
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 5 of 6
State (Wisconsin) 1 of 1
Country (United States) 8 of 10
Year (2018) 3 of 3
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Schoeller Allibert Group B.V.

Hoofddorp, Netherlands

Schoeller Allibert Group B.V. is one of Europe’s largest manufacturers of returnable plastic packaging systems. Schoeller Allibert has a product portfolio of over 1,000 types of returnable plastic crates and containers used by a diversified, global customer base across essential industry sectors, including agriculture, beverage, food processing and retail, industrial and automotive manufacturing and container pooling and rental companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 BGIS North America

Markham, Ontario, Canada

BGIS is a provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

Sell -

Seller(S) 1

SELLER

Johnson Controls, Inc.

Cork, Ireland

website


Category Company
Founded 1885
SectorDiversified
Employees101,000
Revenue 23.7B USD (2021)
DESCRIPTION
Entrance to Johnson Controls' corporate headquarters in Milwaukee, Wisconsin.
Entrance to Johnson Controls' corporate headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company. The Company creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls International was founded in 1885 and is based in Cork, Ireland.


DEAL STATS #
Overall 14 of 15
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 12 of 13
State (Wisconsin) 3 of 3
Country (United States) 11 of 12
Year (2018) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Lux Products Corporation

Philadelphia, Pennsylvania, United States

Lux Products Corporation is a producer of residential thermostats and smart home products. LUX markets several successful residential and commercial lines ranging from timers to smart home thermostats including Kono and Geo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 EuroPAC Alarmcentrale

OSS, Netherlands

EuroPAC Alarmcentrale is an alarm company specialize in alarm response and processing, tracking and tracing and video verification. EuroPAC Alarmcentrale is based in OSS, Netherlands.

Buy -