Brookfield to Buy Reliance Worldwide for $2.8 Billion
The asset manager will pay $3.38 a share in cash, citing industrials expertise and the US housing ecosystem as it takes the global maker private.
Brookfield (BAM) agreed to acquire Reliance Worldwide Corporation in an all-cash transaction valued at approximately $2.8 billion, paying $3.38 a share.
The deal is expected to close in the first quarter of 2027.
Anuj Ranjan, chief executive of Brookfield’s Private Equity group, said Reliance is the type of business the firm looks for — a global, market-leading industrial company with strong brands, durable customer relationships and clear opportunities to create value through investment in operations and continued product expansion.
He said Brookfield’s global operating expertise in industrials and the US housing ecosystem positions the firm to support Reliance in its next phase of growth and over the long term.
The rationale sits alongside other recent Brookfield take-privates of operating businesses. In May, a Brookfield affiliate completed the all-cash purchase of Peakstone Realty Trust, valuing the industrial real estate owner at approximately $1.2 billion at $21.00 a share and folding its portfolio into Brookfield’s global logistics platform. In March, Brookfield and La Caisse agreed to buy Boralex’s Class A shares for $37.25 in cash, with the renewable-energy operator to run independently after close. In August, Brookfield completed its acquisition of Oaktree, bringing the credit manager fully into a $365 billion credit platform.
Those closings show the same pattern the Reliance announcement follows: a cash bid, a named operating rationale, and a stated intent to run the target as a distinct platform rather than absorb it into an existing line. Ranjan’s comments on brands, customer relationships and product expansion are the operating case for Reliance specifically.
The transaction remains subject to customary closing conditions and is scheduled for the first quarter of 2027.