Divestiture • Electrical Equipment

Brookfield Private Equity Acquires Clarios

On November 13, 2018, private equity firm Brookfield Private Equity acquired electrical equipment company Clarios from Johnson Controls for 13.2B USD

Acquisition Context
  • This is Brookfield Private Equity’s 1st transaction in the Electrical Equipment sector.
  • This is Brookfield Private Equity’s 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.

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M&A Deal Summary

Date November 13, 2018
Target Clarios
Sector Electrical Equipment
Buyer(s) Brookfield Private Equity
Sellers(s) Johnson Controls
Deal Type Divestiture
Deal Value 13.2B USD

Target Company

Clarios

Glendale, Wisconsin, United States
Clarios' headquarters in Milwaukee, Wisconsin.
Clarios' headquarters in Milwaukee, Wisconsin.
Clarios is a global energy storage solutions provider, specializing in advanced battery technologies. Clarios develops and manufactures a wide range of batteries for automotive, marine, and industrial applications. They are known for their lithium-ion and lead-acid battery technologies that deliver enhanced performance, reliability, and efficiency. Clarios is headquartered in Glendale, Wisconsin.
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Buyer Overview 1

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 Context for Buyer #
Overall 13 of 27
Sector: Electrical Equipment 1 of 2
Type: Divestiture 5 of 7
State: Wisconsin 1 of 1
Country: United States 8 of 13
Year: 2018 3 of 3
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 Quadrant Energy

Perth, Australia

Quadrant Energy is an oil and gas exploration and production company. Quadrant Energy was founded in 1988 and is based in Perth, Australia.

Sell $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-11 BGIS

Markham, Ontario, Canada

BGIS is a provider of facility management, project delivery, energy & sustainability, asset management, workplace advisory, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

Sell $1.0B

Seller Profile 1

SELLER

Johnson Controls

Cork, Ireland

Category Company
Founded 1885
Sector Diversified
Employees94,000
Revenue 23.0B USD (2024)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that 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 was founded in 1885 and is based in Cork, Ireland.


Deal Context for Seller #
Overall 15 of 18
Sector: Electrical Equipment 1 of 1
Type: Divestiture 13 of 16
State: Wisconsin 3 of 3
Country: United States 12 of 14
Year: 2018 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Lux Products

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 -