Brookfield agrees to sell construction business Multiplex for $650 million

• Brookfield Business Corporation (NYSE:BBUC) agreed to sell its global construction business, Multiplex, to Obayashi for $650 million.
• The transaction includes approximately $530 million in cash at closing and an earn-out based on future performance.
• The sale is part of a broader strategy to recycle capital, with the company reporting nearly $1 billion in total asset proceeds since early 2026.

Brookfield Business (NYSE:BBUC) announced an agreement to sell its global construction business, Multiplex, to Obayashi for a total of $650 million.

The deal consists of approximately $530 million in cash at closing and a performance-based earn-out, marking a transition for a unit Brookfield has owned since 2007.

The sale is subject to customary closing conditions and regulatory approvals, with the companies anticipating a finalization of the deal in the fourth quarter of 2026.

Brookfield stated that this divestiture contributes to the nearly $1 billion in proceeds from asset sales and distributions the firm has secured since the start of 2026.

Multiplex, founded in Australia in 1962, operates as a global construction firm with major developments across Australia, the United Kingdom, and Canada.

The firm became a standalone entity under the BBUC umbrella in 2016 following a corporate restructuring of Brookfield’s real estate and facilities management assets.