Brookfield Business Partners
Brookfield Business Partners is a private equity firm based in Hamilton, Bermuda, and operates as a subsidiary of Brookfield Asset Management. Founded in 2015, the firm specializes in acquiring and investing in high-quality businesses primarily within the business services, industrial, and infrastructure sectors. Brookfield Business Partners typically seeks to take majority stakes in its investments, targeting a return of at least 15%. The firm focuses on companies that benefit from barriers to entry or low production costs, aiming to enhance their operational performance and long-term value.
Teekay Corporation is a prominent marine services company that specializes in oil and gas transportation on a global scale. Established in 1973 and headquartered in Vancouver, Canada, Teekay operates a diversified fleet that includes liquefied natural gas (LNG) carriers, liquefied petroleum gas (LPG) carriers, conventional tankers, and floating production storage and offloading units. As of December 2019, the company managed a fleet of 154 vessels. Teekay's services are crucial for energy and utility companies, oil traders, and various governmental and commercial entities that rely on marine transportation for their operations. The company has expanded its reach by forming publicly traded partnerships focusing on LNG, LPG, and offshore oil services. Teekay's extensive operations encompass both marine transportation and production, making it a key player in the global energy sector. With a workforce of approximately 7,100 employees and offices in 15 countries, Teekay continues to play a vital role in supporting the energy needs of the world economy.
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