Company Overview

Brookfield Business Partners L.P. (BBU) is a publicly traded limited partnership and a flagship private equity-style vehicle of Brookfield Asset Management focused on acquiring and operating high-quality industrial and services businesses. The company operates primarily within the industrial, infrastructure services, and business services sectors, targeting assets that benefit from barriers to entry, essential products or services, and opportunities for operational improvement. BBU is listed on the New York Stock Exchange and the Toronto Stock Exchange, and it also operates through its corporate affiliate Brookfield Business Corporation.

BBU’s primary revenue drivers are cash flows generated by its controlled operating businesses, which span manufacturing, distribution, energy-related services, and industrial technology. Its strategy emphasizes active ownership, operational transformation, and long-term value creation rather than short-term financial engineering. Brookfield Business Partners was formed in 2016 as part of Brookfield’s broader strategy to house private equity and opportunistic investments in a permanent capital vehicle, evolving through acquisitions, restructurings, and carve-outs sourced globally through Brookfield’s network.

Business Operations

Brookfield Business Partners conducts its operations through a portfolio of majority-owned subsidiaries organized across diversified industrial and services activities. Its businesses generally fall within Industrial Operations and Infrastructure and Business Services, generating revenue through the sale of manufactured products, long-term service contracts, and recurring customer relationships. These operations often serve end markets such as energy, transportation, automotive, utilities, and industrial manufacturing.

The partnership operates across both domestic and international markets, with operating companies located in North America, Europe, Asia, and Australia. BBU controls proprietary manufacturing facilities, distribution networks, intellectual property, and long-lived contractual assets depending on the business. It benefits from operational support, capital markets access, and shared expertise from Brookfield’s global platform, while maintaining independent management teams at the operating-company level. Data inconclusive based on available public sources regarding the precise revenue contribution of each operating segment, as reporting is aggregated.

Strategic Position & Investments

Brookfield Business Partners’ strategic direction centers on acquiring underperforming or non-core businesses from large corporations and improving performance through operational enhancements, cost optimization, and strategic capital investment. Growth initiatives include bolt-on acquisitions within existing platforms, expansion into adjacent end markets, and selective organic growth projects supported by Brookfield’s balance sheet and sourcing capabilities.

The partnership has completed numerous acquisitions since inception, often investing in complex situations such as corporate carve-outs and restructurings. Notable controlled businesses disclosed in public filings include Westinghouse Electric Company and Clarios, among others, while additional investments are held through Brookfield-managed private funds alongside BBU. The company also participates in emerging industrial technologies tied to electrification, energy transition, and infrastructure modernization, though specific financial exposure to these themes is not always separately disclosed. Where ownership or consolidation status varies over time, disclosures note changes in control or equity method accounting.

Geographic Footprint

Brookfield Business Partners maintains a global operating footprint with principal exposure to North America, Europe, Asia-Pacific, and Latin America. Its registered headquarters are in Bermuda, while corporate and investment management functions are primarily conducted from Canada and the United States through Brookfield-affiliated offices.

The partnership’s operating companies serve customers across multiple continents, often with manufacturing or service delivery located close to end markets. International investments are a core component of BBU’s strategy, reflecting Brookfield’s emphasis on geographic diversification and the ability to deploy capital across developed and emerging markets. Market presence varies by subsidiary, and not all operating entities have uniform global reach.

Leadership & Governance

Brookfield Business Partners is governed by a board and management team aligned with Brookfield’s broader governance framework, emphasizing long-term value creation, disciplined capital allocation, and operational excellence. Strategic oversight is closely integrated with Brookfield Asset Management, which is the partnership’s controlling sponsor.

Key executives include:

• Cyrus Madon – Chief Executive Officer
• Brian Lawson – Chief Financial Officer
• Alexander Gilbert – Chief Operating Officer
• Bruce Flatt – Chair of the Board

Leadership philosophy centers on decentralized operations with strong central oversight, active ownership, and alignment of management incentives with long-term performance. The governance structure is designed to support complex global operations while leveraging Brookfield’s institutional resources and investment discipline.