Brookfield Business joins Reliance Worldwide acquisition deal

Brookfield Business Corporation will participate in a proposed acquisition of Reliance Worldwide Corporation. The transaction values the plumbing-products manufacturer at approximately US$2.8 billion in enterprise value, excluding lease liabilities. The investment group intends to acquire 100% ownership, with funding provided through the Brookfield Capital Partners strategy and Brookfield Business Corporation.

Reliance’s board has unanimously recommended the deal, which is subject to shareholder, court, regulatory, and government approvals. Completion is expected in the first quarter of 2027. Under a corrected go-shop timetable, Reliance may solicit alternative proposals through October 16, 2026.