Brookfield Business Partners L.P.
Brookfield Business Partners L.P. is a Bermuda exempted limited partnership, formed on 18 January 2016 under Bermuda’s Limited Partnership Act 1883 and Exempted Partnerships Act 1992, according to its Form 20-F annual reports filed with the U.S. Securities and Exchange Commission (SEC). The partnership’s registered and business address is 73 Front Street, 5th Floor, Hamilton, Bermuda. As is customary for a Bermuda exempted limited partnership, Brookfield Business Partners L.P. has no employees, directors or executive officers of its own; its business and affairs are directed by its general partner, Brookfield Business Partners Limited, with management and administration services provided under a Master Services Agreement with affiliates of Brookfield. Bermuda’s Registrar of Companies does not offer free public search of exempted-partnership registration numbers, so no separate Bermuda registration number could be independently verified beyond the SEC-confirmed formation date.
Brookfield Business Partners L.P. was established as the primary vehicle through which Brookfield conducts its business services and industrials operations on a global basis. According to its Form 20-F for the year ended 31 December 2025, filed 31 March 2026, operations are organized into three reporting segments — business services, infrastructure services and industrials — plus a corporate segment, with combined total assets of approximately 75.8 billion US dollars and total revenues of approximately 27.5 billion US dollars for that year. Disclosed operating interests include Nielsen Holdings plc (audience measurement), CDK Global (dealer software and technology services), Multiplex Global Limited (construction), La Trobe Financial (Australian asset management and lending), First National Financial (Canadian residential and multi-family mortgage lending), and businesses in lottery services, modular building leasing and advanced energy storage, among others, spanning operations across North America, Europe, Australia, Brazil and other markets.
Brookfield Business Partners L.P.’s limited partnership units were dual-listed on the New York Stock Exchange (NYSE: BBU) and the Toronto Stock Exchange (TSX: BBU.UN) from June 2016. On 27 March 2026, Brookfield Business Partners L.P. and an affiliated exchangeable-share entity, Brookfield Business Holdings Corporation, completed a court-approved plan of arrangement under the Business Corporations Act (British Columbia) that consolidated the group under a single new publicly traded corporation, Brookfield Business Corporation (formerly 1559985 B.C. Ltd.). Effective 31 March 2026, Brookfield Business Partners L.P.’s units were suspended from trading on the NYSE and TSX, and Brookfield Business Corporation’s Class A shares began trading on both exchanges under the symbol BBUC. Following the arrangement, Brookfield Business Partners L.P. continues to exist as an operating Bermuda exempted limited partnership but is no longer itself a separately listed public entity.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of Brookfield Business Partners L.P.
Brookfield Business Partners L.P. is a Bermuda exempted limited partnership rather than a share company, so it does not have shareholders in the conventional sense; its outstanding interests took the form of non-voting limited partnership units (“BBU units”), historically held by public unitholders following its 2016 spin-off from Brookfield, alongside general partner and Special LP interests held by Brookfield. On 27 March 2026, Brookfield Business Partners L.P. completed a court-approved plan of arrangement under which its outstanding units were exchanged and the partnership became a wholly-owned subsidiary of a newly formed public corporation, Brookfield Business Corporation, according to the Form 20-F filed with the SEC on 31 March 2026. As at that date, Brookfield Business Partners L.P. therefore has a single unitholder of record, Brookfield Business Corporation, holding 100 percent of its outstanding limited partnership units.
Ultimate beneficial ownership
No natural-person ultimate beneficial owner is identified in the available filings. The disclosed controlling shareholder is Brookfield Corporation (NYSE/TSX: BN, BN.A), a publicly traded Canadian company. According to the beneficial-ownership table in Brookfield Business Corporation’s Form 20-F, as at 27 March 2026 Brookfield Corporation, together with affiliated holders including Brookfield Wealth Solutions Ltd., beneficially owned 142,749,301 of 207,007,465 outstanding Class A shares of Brookfield Business Corporation, equal to 69.0 percent, comprising 89,097,802 shares held directly and through wholly-owned subsidiaries of Brookfield Corporation and 53,651,499 shares held through subsidiaries of Brookfield Wealth Solutions Ltd. Because Brookfield Business Corporation in turn holds 100 percent of Brookfield Business Partners L.P.’s outstanding units, Brookfield Corporation’s calculated effective ownership interest in Brookfield Business Partners L.P. as at 27 March 2026 is 69.0 percent (69.0% multiplied by 100%), labeled here as a calculated effective ownership percentage. Brookfield Corporation is itself a widely held, publicly traded company with no disclosed single natural-person controlling shareholder; a trust, BAM Partners Trust, controlled through BAM Class B Partners Inc., is entitled to appoint half of Brookfield Corporation’s board via class B limited voting shares, but both entities expressly disclaim beneficial ownership of the underlying securities.
Data availability
Country availability: Full for the direct 100 percent ownership link between Brookfield Business Corporation and Brookfield Business Partners L.P.; Major shareholders only for Brookfield Business Corporation’s own share register, since SEC disclosure under Section 13 of the U.S. Exchange Act only requires reporting of holders of 5 percent or more. Bermuda’s Registrar of Companies does not provide free public access to partnership ownership records, so this overview relies on SEC filings rather than the Bermuda registry.
Officers
20
Directors and officers of Brookfield Business Partners L.P.
Brookfield Business Partners L.P. is a limited partnership and, as such, has no board of directors or executive officers of its own; Bermuda’s Exempted Partnerships Act 1992 vests management of the partnership’s business and affairs in its general partner, Brookfield Business Partners Limited, a wholly-owned Brookfield entity. Following the 27 March 2026 corporate arrangement, the general partner is itself a wholly-owned subsidiary of Brookfield Business Corporation, and the individuals who governed and managed Brookfield Business Partners L.P. now serve on the board and executive management of Brookfield Business Corporation. As at the date of Brookfield Business Corporation’s Form 20-F for the year ended 31 December 2025, filed 31 March 2026, the board comprised ten directors, of whom two (Cyrus Madon and Jeffrey Blidner) are described as not independent because of their roles at Brookfield, and eight are described as independent.
| Name | Role | Principal occupation | Status |
|---|---|---|---|
| Cyrus Madon | Executive Chairman | Executive Chairman, Brookfield Asset Management Private Equity Group | Active |
| Jeffrey Blidner | Director | Vice Chair, Brookfield Corporation | Active |
| David Court | Independent Director | Director Emeritus, McKinsey & Company | Active |
| Stephen Girsky | Independent Director | Managing Partner, VectoIQ LLC | Active |
| David Hamill | Independent Director | Corporate Director | Active |
| Anne Ruth Herkes | Independent Director | Corporate Director | Active |
| John Lacey | Independent Lead Director | Chairman, Doncaster Consolidated Ltd. | Active |
| Don Mackenzie | Independent Director | Chairman and Owner, New Venture Holdings | Active |
| Michael Warren | Independent Director | Founding Partner, DGA-Albright Stonebridge Group | Active |
| Patricia Zuccotti | Independent Director (Audit Committee Chair) | Corporate Director | Active |
Senior management is seconded to the group under a Master Services Agreement with Brookfield rather than employed directly: Cyrus Madon serves as Executive Chairman, Anuj Ranjan as Chief Executive Officer (also a Managing Partner of Brookfield Asset Management), and Jaspreet Dehl as Chief Financial Officer (also a Managing Partner of Brookfield Asset Management). Directors’ countries of residence are disclosed for governance purposes (including New York and Washington, D.C. in the United States, Toronto and Thornhill in Canada, Munich in Germany, Ipswich in Australia, and Pembroke Parish in Bermuda); nationality is not separately disclosed in the filings reviewed and must not be inferred from residence, occupation or name.
Recent officer changes
The most material recent change is structural rather than a single appointment or resignation: on 27 March 2026, governance of the former Brookfield Business Partners Limited general-partner board was carried over, without a stated change in composition, to become the board of the new public parent, Brookfield Business Corporation, as part of the arrangement described above.
Data availability
Country availability: Full for the current board and senior management as disclosed in the SEC Form 20-F dated 31 March 2026. Historical resignation dates for prior directors are not comprehensively available in the sources reviewed, and nationality is not disclosed for any officer.
Registry feed — rows exactly as filed with Bermuda Monetary Authority / Registrar of Companies, including entries the profile above does not cover.
Group Structure
Group structure of Brookfield Business Partners L.P.
Brookfield Business Partners L.P. is part of the Brookfield group of companies. Prior to 27 March 2026, it was itself the top-tier publicly traded entity through which Brookfield conducted its business services and industrials operations, sponsored by Brookfield Asset Management (now Brookfield Corporation) under a relationship agreement. On 27 March 2026, Brookfield Business Partners L.P. and an affiliated exchangeable-share vehicle, Brookfield Business Holdings Corporation, completed a court-approved plan of arrangement under the Business Corporations Act (British Columbia), following which both entities became wholly-owned subsidiaries of a newly formed public corporation, Brookfield Business Corporation (formerly 1559985 B.C. Ltd.), according to Brookfield Business Corporation’s Form 20-F filed with the SEC on 31 March 2026. Brookfield Business Partners L.P. continues to be managed by its general partner, Brookfield Business Partners Limited, which is itself now a wholly-owned subsidiary of Brookfield Business Corporation.
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) | Canada (British Columbia) | Not disclosed | Immediate parent | 100% | Active | 27 Mar 2026 |
| Brookfield Business Partners Limited (general partner) | Bermuda | Not disclosed | Affiliate / general partner, wholly-owned by Brookfield Business Corporation | 100% | Active | 27 Mar 2026 |
| Brookfield Corporation | Canada | Not disclosed | Ultimate parent (via Brookfield Business Corporation) | 69.0% (calculated) | Active | 27 Mar 2026 |
| Brookfield Asset Management Ltd. | Canada | Not disclosed | Affiliate; asset-management service provider under Master Services Agreement | Ownership percentage not disclosed | Active | 31 Mar 2026 |
Brookfield Asset Management Ltd., the roughly 25 percent-spun-off asset-management affiliate created alongside Brookfield Corporation in December 2022, does not hold a direct disclosed equity stake in Brookfield Business Partners L.P.; rather, together with Brookfield Corporation it is referred to collectively as “Brookfield” in SEC filings and, via the Master Services Agreement, its personnel provide management and administration services to the group, including the partnership’s Executive Chairman, Chief Executive Officer and Chief Financial Officer.
Recent structural changes
On 27 March 2026, Brookfield Business Partners L.P. and Brookfield Business Holdings Corporation completed the plan of arrangement described above, converting the group into a single publicly traded corporate structure headed by Brookfield Business Corporation and resulting in the suspension of Brookfield Business Partners L.P.’s units from trading on the NYSE and TSX effective 31 March 2026.
Data availability
Country availability: Full. The corporate-linkage information above is drawn from Brookfield Business Corporation’s Form 20-F filed with the SEC on 31 March 2026, which documents the post-arrangement structure in detail; Bermuda’s Registrar of Companies does not provide free public access to partnership ownership records independent of these SEC disclosures.
Registry feed — rows exactly as filed with Bermuda Monetary Authority / Registrar of Companies, including entries the profile above does not cover.
Brookfield Business Partners L.P.
Bermuda
Get complete shareholder and officer records, ultimate beneficial owner resolution, and ongoing ownership monitoring.
Frequently Asked Questions
What is Brookfield Business Partners L.P.?
Brookfield Business Partners L.P. is a Bermuda exempted limited partnership formed on 18 January 2016, established as the primary vehicle through which Brookfield conducts its global business services and industrials operations, according to its SEC filings.
What is the legal form of Brookfield Business Partners L.P., and does it have directors?
Brookfield Business Partners L.P. is a Bermuda exempted limited partnership, not a company, so it has no board of directors of its own. Under the Bermuda Exempted Partnerships Act 1992, its business and affairs are managed by its general partner, Brookfield Business Partners Limited, whose board (now the board of parent Brookfield Business Corporation) directs the partnership on its behalf.
When was Brookfield Business Partners L.P. formed?
It was formed on 18 January 2016 under Bermuda law, and completed its spin-off from Brookfield in June 2016, according to its Form 20-F filings with the SEC.
What is Brookfield Business Partners L.P.'s registered address?
Its registered and business address on file with the SEC is 73 Front Street, 5th Floor, Hamilton, Bermuda.
Does Brookfield Business Partners L.P. have a registration number in Bermuda?
No Bermuda registration number is published in the sources reviewed. Bermuda's Registrar of Companies does not offer free public search of exempted-partnership records, so this could not be independently verified beyond the SEC-confirmed formation date of 18 January 2016.
On which stock exchanges were Brookfield Business Partners L.P.'s units listed?
Its limited partnership units traded on the New York Stock Exchange under the symbol BBU and on the Toronto Stock Exchange under the symbol BBU.UN from June 2016 until they were suspended from trading on both exchanges effective 31 March 2026.
Is Brookfield Business Partners L.P. still publicly traded?
No. Following a court-approved plan of arrangement completed on 27 March 2026, Brookfield Business Partners L.P. became a wholly-owned subsidiary of a new public corporation, Brookfield Business Corporation, whose Class A shares now trade on the NYSE and TSX under the symbol BBUC.
What is the relationship between Brookfield Business Partners L.P. and Brookfield Corporation?
Brookfield Corporation is the ultimate parent. As at 27 March 2026, Brookfield Corporation and affiliated holders beneficially owned 69.0 percent of the Class A shares of Brookfield Business Corporation, which in turn holds 100 percent of Brookfield Business Partners L.P., giving Brookfield Corporation a calculated effective interest of 69.0 percent in the partnership.
What business segments does Brookfield Business Partners L.P. operate?
Its operations are organized into business services, infrastructure services and industrials segments, plus a corporate segment, with combined total assets of approximately 75.8 billion US dollars and total revenues of approximately 27.5 billion US dollars for the year ended 31 December 2025.
Who is the Chief Executive Officer overseeing Brookfield Business Partners L.P.?
Anuj Ranjan serves as Chief Executive Officer, seconded to the group under a Master Services Agreement with Brookfield rather than employed directly by the partnership.
Who is the general partner of Brookfield Business Partners L.P.?
Brookfield Business Partners Limited is the general partner responsible for managing the partnership's business and affairs; it is itself a wholly-owned subsidiary of Brookfield Business Corporation following the March 2026 corporate arrangement.
What happened to Brookfield Business Partners L.P. in March 2026?
On 27 March 2026, Brookfield Business Partners L.P. and Brookfield Business Holdings Corporation completed a plan of arrangement under British Columbia law that consolidated the group under a new public corporation, Brookfield Business Corporation, ending Brookfield Business Partners L.P.'s status as a separately listed public entity.
Does Brookfield Business Partners L.P. have employees?
No. As a Bermuda exempted limited partnership, it has no employees; management and administration services are provided by Brookfield personnel under a Master Services Agreement.
Does zavia.ai monitor Brookfield Business Partners L.P. for company data changes?
Yes, zavia.ai tracks registry, ownership and officer data for Brookfield Business Partners L.P., including material corporate developments such as the March 2026 restructuring, and can provide alerts and API access for ongoing due-diligence monitoring of this entity.