The transaction marks Brookfield's first investment through its private equity sponsor solutions strategy, which focuses on providing bespoke solutions to mid-market buyout sponsors seeking secondary and growth capital for high performing assets.
"We are thrilled to partner with Soundcore on the first investment for Brookfield Sponsor Solutions. Together, we look forward to unlocking further growth for Heartland, drawing on Brookfield's experience as one of the world's largest owners and operators of real assets," said
Soundcore has an established track record of creating and methodically scaling platform businesses through its buy-and-build strategy in niche service sectors. Recent platform investments include Heartland and Door & Dock Holdings.
"The partnership with Brookfield is an endorsement of the platforms we consistently build at Soundcore. We are excited to work with one of the world's leading alternative asset managers," said
Soundcore acquired the initial Heartland investment in
"Brookfield Sponsor Solutions and Soundcore share an investment focus on buy-and-build strategies across essential service sectors such as commercial paving. We are particularly excited about the partnership and synergies that Brookfield, as one of the largest owners and operators of real estate, can bring to Soundcore and Heartland," said
Financial terms of the transaction were not disclosed.
About Soundcore
Soundcore Capital Partners was founded in 2015 by
Soundcore is actively seeking additional acquisitions. Please contact
For more information, please visit our website at https://soundcorecap.com or contact:
Media
Soundcore Capital Partners
(212)-812-1432
eolt@soundcorecap.com
For Deal Origination
Soundcore Capital Partners
(212)-812-1186
abues@soundcorecap.com
About Brookfield
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over US$900 billion of assets under management across renewable, infrastructure, real estate, private equity, credit and other. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world, which include public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles.
For more information, please visit our website at https://bam.brookfield.com or contact:
Media
Brookfield Asset Management
+44 207 407 8375
marie.fuller@brookfield.com