Acquisition creates leading North American provider of critical environment facilities management
TORONTO, ONTARIO–(Marketwired – June 23, 2016) – Brookfield Global Integrated Solutions (Brookfield GIS), a leading global real estate facility management service provider, announced today that it is acquiring McKinstry FMS, a recognized leader in critical environments and data center facility management services across the United States. With this U.S. acquisition, Brookfield GIS continues to execute on its strategy to create a leading technically-focused real estate and facilities management services provider across the globe. Further, as part of the transaction, McKinstry FMS’s parent company, McKinstry, will take a minority stake in Brookfield GIS’s U.S. operations and be a value added partner to Brookfield GIS with its deep design/build technical expertise.
McKinstry FMS has built a leading critical environment facility management business throughout the U.S. since the early 1990s. With best-in-class processes and procedures and 350 critical facility engineers, technicians, planners and program managers, McKinstry FMS specializes in managing critical environments on behalf of their clients, many of which are the largest cloud and enterprise data centers in North America.
“By combining McKinstry FMS’s capabilities in critical environment facilities management with Brookfield GIS’s integrated real estate and facility management service expertise, we have created one of the largest data center and critical environment facility management companies in North America, managing highly critical real estate operations for some of the world’s leading technology companies, financial institutions and government agencies,” said Gord Hicks, President and CEO, Americas, Brookfield Global Integrated Solutions.
“McKinstry has a strong reputation for operational excellence, technical expertise, innovation and a commitment to our customers, which aligns directly with the Vision, Mission and Values of Brookfield GIS. We view this partnership as an excellent opportunity for continued growth and expansion for both organizations,” said Dean Allen, CEO, McKinstry.
The transaction is expected to close in early August, subject to customary closing conditions.
About Brookfield Global Integrated Solutions
Brookfield Global Integrated Solutions (Brookfield GIS) is a leading provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. With a combined team of over 4,400 personnel worldwide, Brookfield GIS inspires better business performance across its client’s real estate portfolios by developing and implementing real estate and facilities management strategies. Globally, Brookfield GIS manages approximately 300 million square feet of client portfolios across 23,000 locations across North America, Europe, Australia, New Zealand and Asia.
Further information is available at www.brookfieldgis.com.
Brookfield GIS is a subsidiary of Brookfield Business Partners, a business services and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low cost production. Brookfield Business Partners is listed on the New York and Toronto stock exchanges (NYSE: BBU; TSX: BBU.UN).
McKinstry is a full-service, design-build firm specializing in consulting, construction, energy and facility services. The firm’s innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. With nearly 2,000 professional staff and trades people throughout the United States and operations in more than 15 states, McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability “For The Life of Your Building.” For more information, visit www.mckinstry.com.
Director, Marketing and Communications