Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Asset Management Inc.
IPO Year: 2016
Exchange: NYSE
Website: bbu.brookfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2023 | $28.00 | Outperform | RBC Capital Mkts |
| 3/9/2023 | $26.00 | Outperform | Credit Suisse |
| 11/8/2021 | $61.00 → $62.00 | Outperform | RBC Capital |
BROOKFIELD, NEWS, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) announced today the appointment of Anne Ruth Herkes to its Board of Directors. Based in Germany, Anne Ruth brings to the Board over 30 years of international expertise in government, diplomacy, and the private sector, with a strong background in many different industries including banking, energy, trade, and aerospace. Anne Ruth previously served as State Secretary for the German Federal Ministry for Economic Affairs and Energy where she led Germany’s global trade policy and provided leadership in the deployment of a national cyber-security strat
ABERDEEN, United Kingdom, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Altera Infrastructure GP L.L.C. (ALIN GP), the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), announced the following changes to its Board of Directors (the Board) all with immediate effect: Ingvild Sæther, President and CEO of Altera Infrastructure Group Ltd., and Benedicte Bakke Agerup have been appointed to the Board, increasing the size of the Board to ten directors.Ms Bakke Agerup will join the Audit and Conflicts committees.A new Executive Oversight Committee has been formed. This committee is chaired by Denis Turcotte with Bill Utt and Ingvild Sæther as members. “On behalf of the
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BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended March 31, 2025. "We had an active start to the year, generating over $1.5 billion from our capital recycling initiatives, progressing the acquisition of two market-leading industrial operations and investing approximately $140 million to repurchase our units and shares," said Anuj Ranjan, CEO of Brookfield Business Partners. "During periods of uncertainty and volatility, our consistent strategy of owning market leading businesses and executing on our operational improvement plans is more important than ever. With the enhan
BROOKFIELD, NEWS, April 09, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE:BBU, TSX:BBU) today announced that it has filed its 2024 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2024, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+. These documents are also available on our website at https://bbu.brookfield.com/bbuc in the Reports & Filings section and a hard copy will be provided to shareholders free of charge upon request. Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide esse
Date: Friday, May 2, 2025Time: 10:00 a.m. (Eastern Time) BROOKFIELD, NEWS, April 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its First Quarter 2025 Conference Call & Webcast on Friday, May 2, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, May 2, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2025Q1ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator and avoid the qu
BROOKFIELD, NEWS, March 31, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Corporation ((NYSE, TSX:BBUC) today announced that it has filed its 2024 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2024, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+. These documents are also available on our website at https://bbu.brookfield.com/bbuc in the Reports & Filings section and a hard copy will be provided to shareholders free of charge upon request. Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essenti
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) through one of its private equity funds, together with its listed affiliate Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)), today announced that it has completed the acquisition of Chemelex ("the business") from nVent Electric Plc for a purchase price of $1.7 billion. Chemelex is a global leader in the design and manufacturing of electric heat trace systems, the specialized wiring systems that regulate the temperature of pipes in industrial plants and commercial buildings. With high barriers to entry and strong brand recognition as the inventor of electric heat tracing in 1972, the b
BROOKFIELD, News, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the year ended December 31, 2024. "Our business had another successful year in 2024. We generated over $2 billion from our capital recycling initiatives, acquired two market-leading operations and achieved solid financial results," said Anuj Ranjan, CEO of Brookfield Business Partners. "The enhanced strength of our balance sheet and substantial liquidity provides us optionality to meaningfully advance our capital allocation priorities with a focus on increasing the intrinsic value of our business for our unitholders." Three Mont
Date: Friday, January 31, 2025 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Fourth Quarter 2024 Conference Call & Webcast on Friday, January 31, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, January 31, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q4ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator a
BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended September 30, 2024. "We had a good quarter, achieving solid financial results and generating over $350 million of proceeds from distributions and announced monetizations, including the sale of a significant portion of our offshore oil services operation," said Anuj Ranjan, CEO of Brookfield Business Partners. "The progress we are making on our capital recycling initiatives will provide us significant liquidity to support our growth and with interest rates normalizing, we are in a great position to continue compounding val
Date: Friday, November 8, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Third Quarter 2024 Conference Call & Webcast on Friday, November 8, 2024 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, November 8, 2024 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q3ConferenceCallUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypa
BROOKFIELD, News, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) today announced that the Toronto Stock Exchange ("TSX") has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units ("Units") and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares ("Exchangeable Shares"). Brookfield Business Partners believes that the Units or the Exchangeable Shares, respectively, may from time to time trade in a price range that does not fully reflect their
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RBC Capital Mkts resumed coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $28.00
Credit Suisse resumed coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $26.00
RBC Capital reiterated coverage of Brookfield Business with a rating of Outperform and set a new price target of $62.00 from $61.00 previously
Credit Suisse upgraded Brookfield Business from Neutral to Outperform
Credit Suisse upgraded Brookfield Business Partners from Neutral to Outperform and set a new price target of $52.00
Industrial Alliance initiated coverage of Brookfield Business with a rating of Buy
Credit Suisse downgraded Brookfield Business Partners from Outperform to Neutral and set a new price target of $52.00 from $50.00 previously
Royal Bank of Canada reiterated coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $52.00 from $50.00 previously
National Bank Financial reiterated coverage of Brookfield Business Partners with a rating of Outperform and set a new price target of $47.00 from $38.00 previously
BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended March 31, 2025. "We had an active start to the year, generating over $1.5 billion from our capital recycling initiatives, progressing the acquisition of two market-leading industrial operations and investing approximately $140 million to repurchase our units and shares," said Anuj Ranjan, CEO of Brookfield Business Partners. "During periods of uncertainty and volatility, our consistent strategy of owning market leading businesses and executing on our operational improvement plans is more important than ever. With the enhan
Date: Friday, May 2, 2025Time: 10:00 a.m. (Eastern Time) BROOKFIELD, NEWS, April 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its First Quarter 2025 Conference Call & Webcast on Friday, May 2, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, May 2, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2025Q1ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator and avoid the qu
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) through one of its private equity funds, together with its listed affiliate Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)), today announced that it has completed the acquisition of Chemelex ("the business") from nVent Electric Plc for a purchase price of $1.7 billion. Chemelex is a global leader in the design and manufacturing of electric heat trace systems, the specialized wiring systems that regulate the temperature of pipes in industrial plants and commercial buildings. With high barriers to entry and strong brand recognition as the inventor of electric heat tracing in 1972, the b
BROOKFIELD, News, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the year ended December 31, 2024. "Our business had another successful year in 2024. We generated over $2 billion from our capital recycling initiatives, acquired two market-leading operations and achieved solid financial results," said Anuj Ranjan, CEO of Brookfield Business Partners. "The enhanced strength of our balance sheet and substantial liquidity provides us optionality to meaningfully advance our capital allocation priorities with a focus on increasing the intrinsic value of our business for our unitholders." Three Mont
Date: Friday, January 31, 2025 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Fourth Quarter 2024 Conference Call & Webcast on Friday, January 31, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, January 31, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q4ConferenceCallUpon registering, you will be emailed a dial-in number and unique PIN. This process will bypass the operator a
BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended September 30, 2024. "We had a good quarter, achieving solid financial results and generating over $350 million of proceeds from distributions and announced monetizations, including the sale of a significant portion of our offshore oil services operation," said Anuj Ranjan, CEO of Brookfield Business Partners. "The progress we are making on our capital recycling initiatives will provide us significant liquidity to support our growth and with interest rates normalizing, we are in a great position to continue compounding val
Date: Friday, November 8, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Third Quarter 2024 Conference Call & Webcast on Friday, November 8, 2024 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, November 8, 2024 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q3ConferenceCallUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypa
BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive earnings as these one-time items pass. Our strong access to capital differentiates our franchise and enabled us to refinance a significant amount of debt at attractive rates during the
Date: Friday, August 2, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, June 14, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 Second Quarter Conference Call & Webcast on Friday, August 2, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, August 2, 2024 prior to 8:00 a.m. (Eastern Time) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q2ConferenceCallUpon registering, you will be emailed
BROOKFIELD, NEWS, May 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))) announced today financial results for the quarter ended March 31, 2024. "We are pleased with our first quarter results supported by the ongoing performance of our largest operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "We generated strong margins and the progress achieved on our value creation plans is contributing to higher quality earnings of our operations. Our access to capital continues to be favorable and we generated approximately $300 million of net proceeds from our capital recycling initiatives including agreements to sell two small operations