Brookfield Business Partners (NYSE: BBU) has agreed to take over the engineering company, Dexko Global Inc. The transaction value of this acquisition is $3.4 billion. Previously owned by KPS Capital Partners LP, this Michigan based company has hired nearly 6000 employees over 50 productions and distribution units. With this acquisition, Brookfield would be exposed to a variety of markets to which DexKo have been catering. Being the leading manufacturer of running gears, axils, chassis and other trailer components, the company caters to industries like cargo, marine, agriculture, and construction.
Acquisition Details
The total funding would be approximately $1.1 billion worth of equity. From this, Brookfield would be investing $400 million directly while the rest would be finance...
