Brookfield Business Partners, Brookfield Asset Management’s listed investment vehicle focused on the business services and industrials sectors, has agreed to acquire a 55 percent stake in Brazil-based Ouro Verde Locação e Seviços for US$170 million. Ouro Verde leases heavy equipment and light vehicles to corporate clients under multi-year contracts and provides related services including maintenance and operations. While Brookfield Business Partners will fund up to US$70 million of the equity in the deal, a portion of Brookfield’s investment may be syndicated to other institutional partners. The transaction, which is subject to customary approvals, is expected to close before the end of 2018.