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[BUSINESS] · United States, Australia · 7 sources

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Part of situation: Brookfield acquisition of Reliance Worldwide (2 clusters)

Brookfield to acquire Reliance Worldwide for US$2.8 billion

Brookfield Asset Management Reliance Worldwide Corporation private equity acquisition plumbing manufacturing push-to-connect fittings

Brookfield has entered into an agreement to acquire 100% of Reliance Worldwide Corporation, a global manufacturer of plumbing and heating solutions, for an enterprise value of approximately US$2.8 billion.

The all-cash proposal offers shareholders US$3.38 per share. The Reliance Board has unanimously recommended the deal, which is now subject to shareholder, regulatory, and government approvals. The transaction is expected to close in the first quarter of 2027.

Headquartered in the United States, Reliance operates across the Americas, Europe, the Middle East, and Asia Pacific. The company is a market leader in push-to-connect fittings. Brookfield intends to utilize its flagship private equity strategy and Brookfield Business Corporation to fund the acquisition, aiming to support Reliance’s expansion through its global industrial operating expertise.

Entities

Anuj Ranjan · Brookfield Asset Management · Reliance Worldwide Corporation

Sources

Brookfield Infrastructure's 2026 Outlook: Capital Recycling Fuels Global Growth Initiatives | The Motley Fool [www.fool.com]
Australia's Reliance Worldwide agrees to Brookfield's $2. 9 billion buyout bid [srnnews.com]
A global investment firm agrees to buy plumbing maker Reliance for about $2. 8B [www.stocktitan.net]
Reliance shares surge to a 52-week high on $4. 1 billion takeover deal [www.fool.com.au]
Reliance Industries Stock Update: Share Price Recovers from Lows [www.latestly.com]
Brookfield Agrees to Acquire Reliance Worldwide Corporation [www.globenewswire.com]
Brookfield Capital Partners to acquire Reliance Worldwide in a $2. 9 billion deal [newsnreleases.com]