Brookfield infrastructure eyes $400 million more in acquisitions

Brookfield Infrastructure Partners said it has another $400 million worth of deals in the pipeline after a flurry of acquisitions in the past two months.

The publicly traded infrastructure arm of Brookfield Asset Management said in a letter to investors Thursday it had invested about $1.3 billion of its own capital on three transactions. It acquired data centers from AT&T in June and Canadian natural gas gathering and processing business from Enbridge last month. On Wednesday, it bought Enercare Inc., a Canadian air conditioner, water heater and furnace provider.

Brookfield Infrastructure said it had another $400 million worth of initiatives under exclusivity agreements and in the final stages of due diligence. It didn’t disclose the targets.

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