Brookfield, through its private equity strategy, has agreed to sell global construction business Multiplex to Obayashi Corp., one of Japan’s largest construction companies, for $650 million, including approximately $530 million of cash proceeds at closing and an earn-out based on future business performance.
Founded in Australia in 1962, Multiplex was acquired by Brookfield in 2007. After spinning out its real estate assets and facilities management business, Multiplex became a standalone construction business in 2016 as part of Brookfield Business Corp., the flagship listed vehicle of Brookfield’s private equity group.
Multiplex has significant operations across Australia, the United Kingdom and Canada. The business has delivered many of the world’s most complex developments across the commercial, residential, healthcare, infrastructure, hospitality and mixed-use sectors.
