It agreed to acquire the remaining 10% interest in a Brazilian gas transmission business that it didn't already own from that country's national oil company Petrobras (NYSE: PBR). Driving this segment's growth was inflation-related contract rate increases and the completion of $375 million of expansion projects over the past year, which more than offset the sale of two businesses in 2020. Even if it's unsuccessful in securing any needle-moving deals, Brookfield believes it's in a strong position to benefit from a prolonged period of economic expansion coming out of the pandemic.