Brookfield Asset Management to Acquire Reliance Worldwide Corp. for US$2.8 Billion

By Ahmed Jamerson • Wednesday, September 16 14:58 • Permanent Link

Brookfield has agreed to acquire 100% of Reliance Worldwide Corp. in an all-cash deal valuing the plumbing and heating products maker at about US$2.8 billion.

Brookfield offered US$3.38 per share, and Reliance’s board unanimously recommended the proposal to shareholders. Reliance is headquartered in the U.S. and operates across the Americas, EMEA and Asia Pacific.

The deal gives Brookfield control of a company that is the market leader in push-to-connect fittings for plumbing systems. Brookfield said the business has room to expand beyond that core category, including more non-PTC products through its retail and wholesale channels.

Brookfield said the acquisition will be funded through Brookfield Capital Partners and Brookfield Business Corporation.

The transaction is expected to close in the first quarter of 2027, pending shareholder, regulatory and government approvals. Today the company's shares have moved 0.44% to a price of $46.04. For the full picture, make sure to review Brookfield Asset Management's 8-K report.

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