Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Brookfield takes Oaktree stake

Brookfield Asset Management has acquired a 62 percent stake in Oaktree Capital Management.

Both Brookfield and Oaktree will continue to operate their respective businesses independently, with each remaining under its current brand and led by its existing management and investment teams.

Howard Marks, Bruce Karsh, and other members of Oaktree Capital Group Holdings will own 38 percent of the company.

According to Brookfield, the two companies together will have approximately USD475 billion of assets under management.

With regard to Oaktree’s shipping and logistics investments, a spokesperson from the Los Angeles-based private equity firm said: “The transaction is expected to close in the third quarter of this year, so it is business as usual for now.”

Marks and Karsh will continue as co-chairmen of Oaktree and will continue to have operating control for the foreseeable future. Karsh will also continue his role as chief investment officer, while Jay Wintrob will remain chief executive officer.

Both Marks and Karsh will join Brookfield’s board of directors.

www.oaktreecapital.com

www.brookfield.com

Heavy Lift | News

Mammoet moves for Mitsubishi thumbnail image

Mammoet moves for Mitsubishi

March 22 - Mammoet has delivered and installed 120 pressure vessels and modules for the construction of the Caribbean Gas Chemical Limited (CGCL) methanol and dimethyl ether (DME) plant in La Brea, Trinidad and Tobago.
Views: 567
Lindecamp joins Port Manatee thumbnail image

Lindecamp joins Port Manatee

March 21 - Florida’s Port Manatee has appointed Abby Lindecamp to the newly created position of deputy director of business administration and finance.
Views: 403
McFadden joins Trail King thumbnail image

McFadden joins Trail King

March 20 - Trail King Industries has appointed Rod McFadden as a district sales manager. He will support sales and dealer relationships in the states of Arkansas, Kansas, Missouri and Oklahoma, USA.
Views: 506
Lunar lander touches down thumbnail image

Lunar lander touches down

March 20 - Mammoet’s crane services team in Louisiana, USA, recently completed the successful transport and lift of a lunar lander at the Infinity Science Center in Mississippi.
Views: 553

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.