Deals
Brookfield Infrastructure Eyes $400 Million More in Acquisitions
- Firm already spent $1.3 billion on three deals this summer
- $1 billion in asset sales also planned for year ahead
Photographer: Michael Nagle/Bloomberg
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Brookfield Infrastructure Partners said it has another $400 million worth of deals in the pipeline after a flurry of acquisitions in the past two months.
The publicly traded infrastructure arm of Brookfield Asset Management said in a letter to investors Thursday it had invested about $1.3 billion of its own capital on three transactions. It acquired data centers from AT&T in June and Canadian natural gas gathering and processing business from Enbridge last month. On Wednesday, it bought Enercare Inc., a Canadian air conditioner, water heater and furnace provider.