Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving Partners
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: PR Newswire
NEW YORK, April 4, 2024 /PRNewswire/ -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), through its private equity sponsor solutions business, Brookfield Sponsor Solutions, today announced a strategic partnership with Soundcore Capital Partners, LP ("Soundcore") and its commercial paving platform, Heartland Paving Partners ("Heartland"). The investment is to accelerate the platform's growth as it pursues further consolidation in the Upper Midwest market.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 Jordan S
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