Brookfield completed the acquisition of a 25% stake in CrescoNet.

Brookfield, an alternative asset manager, completed the acquisition of a stake a 25% in CrescoNet, a provider and integrator of electric, water and gas smart metering and related services. Financial terms were not disclosed. “We value the Brookfield partnership and view it as clear confirmation of our strategy, execution, and market opportunity. We believe the pace and precision of our innovation, acquisitions, partnerships, expert delivery, and customer care are already making an important difference for our customers. This partnership will further accelerate our product and services expansion focused on delivering high quality services to North American utility clients,” John Stafford, CrescoNet President.