U.K. home repair services company HomeServe has agreed to an offer from Brookfield Asset Management that values the firm at £4.1 billion ($5.1 billion), according to various news sources.
The offer was made via one of Brookfield’s private infrastructure funds, according to a statement from the firm.
According to The Guardian, HomeServe has grown into one of the United Kingdom’s largest domestic emergency businesses since being founded nearly three decades ago. Brookfield does not plan to break up the business, but intends to carry out a strategic review that may look at whether parts could be spun off.
HomeServe has called the terms of the offer “fair and reasonable” and plans to recommend the deal to shareholders.
