Company Overview

Brookfield Business Partners L.P. is a global business services and industrials company that acquires, owns, and operates businesses with the objective of generating long-term value through operational improvement and strategic capital allocation. The company operates primarily within the business services, infrastructure services, and industrial operations industries, targeting assets that are essential, mission‑critical, or benefit from long‑term contractual or recurring revenue characteristics. Brookfield Business Partners L.P. is publicly traded and is part of the broader Brookfield ecosystem, which provides access to capital, operating expertise, and global relationships.

The partnership’s primary revenue drivers are its operating subsidiaries across diversified industrial and services platforms, including engineering services, construction, infrastructure maintenance, and energy‑related services. Its key customer segments include governments, large infrastructure owners, utilities, and industrial clients across regulated and non‑regulated markets. Brookfield Business Partners L.P. is uniquely positioned through its association with Brookfield Asset Management, benefiting from scale, operational expertise, and a disciplined value‑oriented investment approach. The company was formed in 2016 as a publicly listed vehicle to house Brookfield’s private equity‑style investments in operating businesses and has since expanded through organic growth and acquisitions.

Business Operations

Brookfield Business Partners L.P. operates through several core business segments, primarily Business Services, Infrastructure Services, and Industrials, each comprising multiple operating subsidiaries that generate revenue through long‑term contracts, project‑based services, and recurring maintenance and operational agreements. The company focuses on acquiring underperforming or complex businesses and enhancing value through operational improvements, cost optimization, and strategic repositioning.

Its operations span both domestic and international markets, with a strong presence in North America and Europe, complemented by activities in Asia‑Pacific and other regions. Brookfield Business Partners L.P. controls a portfolio of operating companies that deliver engineering, construction, maintenance, and outsourced services, often supported by proprietary processes, long‑term customer relationships, and specialized technical expertise. The partnership benefits from close collaboration with Brookfield Asset Management and related affiliates, though it operates independently with its own balance sheet and management team.

Strategic Position & Investments

The strategic direction of Brookfield Business Partners L.P. centers on disciplined capital deployment into high‑quality, cash‑generative businesses where operational enhancements can drive margin expansion and long‑term value creation. Growth initiatives include bolt‑on acquisitions within existing platforms, expansion into adjacent service lines, and selective entry into new industrial niches that align with global infrastructure investment and energy transition trends.

The company has made multiple acquisitions across its operating platforms, often retaining management teams and investing in operational capabilities to support long‑term growth. Notable investments are held through controlled subsidiaries rather than passive minority stakes, reinforcing its hands‑on ownership model. Brookfield Business Partners L.P. is also involved in emerging areas such as infrastructure modernization, energy services, and outsourced business solutions, reflecting broader secular trends supported by long‑term public and private capital investment.

Geographic Footprint

Brookfield Business Partners L.P. maintains a broad global footprint, with its headquarters in Canada and significant operational presence across North America, Europe, and Asia‑Pacific. The company’s largest markets include the United States, Canada, and several countries in Western Europe, where it operates established platforms serving infrastructure, industrial, and government clients.

Beyond its core markets, the partnership has exposure to additional regions through project‑based work, acquisitions, and international subsidiaries. This diversified geographic presence reduces reliance on any single market and allows Brookfield Business Partners L.P. to benefit from varying economic cycles, infrastructure spending programs, and industrial demand across continents.

Leadership & Governance

Brookfield Business Partners L.P. is governed by a management team with deep experience in private equity, operations, and infrastructure investing, aligned with the broader Brookfield leadership philosophy of long‑term value creation, disciplined risk management, and operational excellence. While the partnership does not have a traditional founder structure, it was established by Brookfield to serve as a dedicated vehicle for business services and industrial investments.

Key executives include:

• Cyrus Madon – Chief Executive Officer
• Rob Deveau – Chief Operating Officer
• Chris Mahon – Chief Financial Officer
• Alexey Shabanov – Managing Partner

The leadership team emphasizes decentralized operations, strong incentive alignment with unitholders, and active oversight of portfolio companies, consistent with Brookfield’s broader investment culture and governance framework.