Brookfield Infrastructure Partners L.P. is a publicly traded

limited partnership A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited ...

with corporate headquarters in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

, Canada, that engages in the acquisition and management of

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

assets on a global basis. Until a

spin-off Spin-off may refer to: *Spin-off (media), a media work derived from an existing work *Corporate spin-off, a type of corporate action that forms a new company or entity * Government spin-off, civilian goods which are the result of military or gov ...

in January 2008, Brookfield Infrastructure was an operating unit of Brookfield Asset Management, which retains a 30 percent ownership and acts as the partnership's

general manager A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of ...

. The company's assets carried a

book value In accounting, book value is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. T ...

of US$21.3

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

, on December 31, 2016. Brookfield Infrastructure Partners owns and operates a global network of infrastructure companies in utilities, transportation, energy and communications infrastructure. It invests in transmission and telecommunication lines, toll roads, ports and pipelines. The company has an equity market capitalization of about US$17.7 billion with an investment-return target of 12 to 15 percent. Its annualized total returns since inception have been 18% on the NYSE and 26% on the TSX. Sam Pollock is the chief executive officer of Brookfield Infrastructure Partners. He has held this position since 2006, and has been with Brookfield Asset Management since 1994.

Operations

After the spin-off from Brookfield Asset Management, Brookfield Infrastructure operated timber properties and electricity transmission lines. In September 2008, the company announced it would expand and diversify its global operations by buying infrastructure holdings from distressed

Babcock & Brown Babcock & Brown LP was a global investment and advisory firm, established in 1977, based in Sydney, Australia, that went into liquidation in 2009. Babcock & Brown Securities LLC was an active investment banking firm focused on equipment and pro ...

, thus adding approximately US$8 billion of assets under management. In 2010 the company completed a merger with Australian compan
Prime Infrastructure
in which it held a minority interest. In 2012, the company participated in a joint venture with Spain's Abertis Infraestructuras to purchase 60 percent of toll operator Obrascon Huarte Lain Brasil in a deal valued at US$1.7 billion. Also in 2012, the company and its partners agreed to acquire the remaining 45% of the AVN toll road in

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the eas ...

for a total purchase price of $590-million, after making an initial investment in 2011. In 2014, the company and its investment partners agreed to acquire 50% of the French telecommunications units of TDF for $2.2 billion. In 2016, the company announced agreements with

Qube Holdings Qube Holdings is a diversified logistics and infrastructure company in Australia. History In July 2006, following the takeover of Patrick Corporation by Toll Holdings, Chris Corrigan and some executives departed and teamed with Kaplan Funds Man ...

and other investment partners to buy the port assets of Asciano Limited, an Australian rail and port operator, for US $6.55 billion, (A$8.9 billion). The container port assets remained under the Patrick brand in a joint venture with Qube, while the bulk and automotive port services assets rebranded to

Linx Cargo Care Group Linx Cargo Care Group is a transportation and logistics company in Australia and New Zealand – headquartered in Sydney. History Linx Cargo Care Group was founded in August 2016 when Asciano was broken up in August 2016. The Patrick Bulk and ...

under a Brookfield-led consortium of investment partners. That same year, the company also announced that it and its investment partners would acquire a 90% stake in a Brazilian natural gas pipeline from Petroleo Brasileiro SA for US $5.2 billion. The company made over $2 billion of new investments in 2016, including its first ventures into businesses in Peru and

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

. The company also invested in organic projects valued at $850 million, growing the size of its utilities rate base, road and rail networks and energy systems. In 2022, the company announced an initiative with

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 ser ...

to jointly invest up to $30 billion at a chip manufacturing plant in Chandler, Arizona. The following chart lists select completed and announced acquisitions by BIP.

References

{{Authority control Brookfield Asset Management Companies listed on the New York Stock Exchange Companies listed on the Toronto Stock Exchange Companies of Bermuda Financial services companies established in 2008