Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 94

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 94
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, providing critical measurement data for advertising buyers and sellers.

  Brookfield Business Partners      61  

Our real estate services operation provides services to more than 20,500 residential real estate brokers through franchise arrangements under a number of brands in Canada, including a nationally recognized brand, Royal LePage. We also provide valuations and related analytic services to financial institutions in Canada through which we process in excess of 200,000 appraisals and valuations per year.

On March 31, 2024, we completed the sale of our general partner interest and residential real estate brokerage portfolio to Bridgemarq, a publicly listed real estate services operation and brokerage business in which we have an equity accounted investment. As consideration, we received limited partnership units in the Bridgemarq public entity which increased our ownership interest in Bridgemarq from 28% to approximately 42%, resulting in a pre-tax gain of $15 million.

Infrastructure services

Our infrastructure services segment includes our (i) offshore oil services, (ii) lottery services operation, (iii) modular building leasing services and (iv) work access services.

The table below provides a breakdown of revenues for our infrastructure services by region:

                                Year ended December 31,                                                               
  (US$ MILLIONS)                                   2024                 2023 (1)                 2022 (1)             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Europe                                              $      1,666      $             2,451      $             2,678  
  United States of America                          802                               3,190                    2,763  
  United Kingdom                                    510                 790                      652                  
  Australia                                         282                 332                      309                  
  Brazil                                            183                 188                      212                  
  Canada                                            165                 239                      239                  
  Other                                             131                 267                      671                  
  Total                                               $      3,739      $             7,457      $             7,524  

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(1) Includes revenues from our former investment in nuclear technology services operation which was disposed in November 2023.

Offshore oil services

Our offshore oil services is a global provider of marine transportation, offshore oil production, facility storage, and offshore installation, maintenance and safety services to the offshore oil production industry. We operate shuttle tankers (highly specialized vessels with dynamic positioning systems used for offloading from offshore oil installations), floating