BURNCO Rock Products Ltd. entered into a share purchase agreement to acquire Hammerstone Infrastructure Materials Ltd from Brookfield Business Partners L.P. (NYSE:BBU) on May 9, 2024. Post acquisition, Hammerstone leadership group and employees will join BURNCO Rock Products. The closing of the transaction is subject to receipt of approvals under the Competition Act of Canada and other customary closing conditions.

It is expected to occur in the next 30 days. RBC Capital Markets, LLC acted as financial advisor to Hammerstone Infrastructure Materials Ltd and Brookfield Business Partners.