Mergers & Acquisitions ·
Brookfield Asset Management Ltd. announced an agreement to acquire 100% of Reliance Worldwide Corporation in an…
BAMBrookfield Asset Management Ltd.
Brookfield Asset Management Ltd. announced an agreement to acquire 100% of Reliance Worldwide Corporation in an all-cash transaction valued at approximately US$2.8 billion. The proposal offers US$3.38 per share, a recommendation unanimously supported by Reliance's Board. Subject to customary closing conditions, including shareholder and regulatory approvals, the acquisition is expected to close in Q1 2027. Brookfield will fund the investment through its flagship private equity strategy and affiliate Brookfield Business Corporation. This strategic move positions Brookfield to expand its industrial portfolio by acquiring a global market leader in plumbing and heating solutions.