Brookfield Asset Management, a Canadian investment company, completed the acquisition of HomeServe, a British multinational home emergency repairs and improvements business based in Walsall, for $5bn. "HomeServe is a very high-quality business with a clear strategy and strong management team, which has been led entrepreneurially by its founder, Richard Harpin, for almost 30 years. The offer recognises the quality of our business, our people and our future growth potential, and allows shareholders to realise their investment at an attractive valuation," Tommy Breen, HomeServe Chairman.