Founded in Australia in 1962, Multiplex was acquired by Brookfield in 2007. After spinning out its real estate assets and facilities management business, Multiplex became a standalone construction business as part of Brookfield Business Corporation in 2016.

Multiplex has significant operations across Australia, the United Kingdom and Canada. The business has delivered many of the world's most complex and iconic developments across the commercial, residential, healthcare, infrastructure, hospitality and mixed-use sectors.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2026.