Brookfield Asset Management to acquire Angel Oak Companies.

Brookfield Asset Management, a private equity firm, agreed to acquire Angel Oak Companies, an investment management firm. Financial terms were not disclosed. “We are thrilled to partner with Brookfield, whose disciplined investment approach, proven track record of achieving robust long-term growth, and global presence aligns perfectly with our vision. We are particularly impressed with the entrepreneurial spirit that has remained intact at Brookfield as they have become one of the largest alternative asset managers globally. This partnership validates Angel Oak’s proven model and past success, while opening new avenues for growth and innovation in providing clients access to residential mortgage credit. With Brookfield as our partner, we see significant opportunities to scale our integrated asset management and mortgage operations to better serve our clients,” Sreeni Prabhu and Mike Fierman, Angel Oak Co-Founders and Co-CEOs.