CCMP Capital Advisors $1 billion acquisition of BGIS

Overview:

• Private equity firm CCMP Capital Advisors has acquired Canadian facilities management services company BGIS in a $1 billion deal. 
• BGIS was sold by Brookfield Business Partners. 
• Brookfield Business Partners is a business services and industrial company of Brookfield Asset Management. 
• Citigroup Global Markets, CIBC Capital Markets and TD Securities acted as financial advisers for Brookfield. 
• Morgan Stanley acted as financial adviser for CCMP. 
• The transaction is expected to close in the second quarter of 2019. 

Kurt Stumpo - US Editor