Brookfield backs NZ gas market with $2B Clarus buy

Clarus CEO Paul Goodeve has a new shareholder in Canadian investor Brookfield. (Image: supplied)

Mon, 06 Oct 2025

Canadian investment fund Brookfield is to buy the gas distribution businesses of one of New Zealand’s largest gas network owners, Clarus Group, as part of a deal reported to be worth around $2 billion by Australian media.In statements released today, Clarus confirmed the purchase by Brookfield of its Firstgas, Rockgas, and Flexgas segments.Australian-owned rival network owner Powerco is to buy Clarus’s Firstlight Network, an electricity distribution business that supplies electricity to Tairāwhiti and Wairoa. The Australian Fin...

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