Brookfield to buy plumbing maker Reliance for $2.8B
What's the deal? Brookfield Asset ManagementDealroom has a profile for this one. Try Dealroom → has agreed to acquire 100% of Reliance Worldwide CorporationDealroom has a profile for this one. Try Dealroom →, a global manufacturer of plumbing and heating solutions, in an all-cash deal valuing the company at roughly $2.8 billion. Reliance's board unanimously recommended the offer of $3.38 per share to shareholders, who will vote on it.
Who's involved? Reliance, listed on the Australian Securities Exchange, is headquartered in the US with operations across the Americas, Europe and the Middle East, and Asia Pacific. Brookfield is a New York-based investment firm with more than $1 trillion in assets under management.
What's the rationale? Reliance leads the market in push-to-connect (PTC) fittings, a segment Brookfield says remains underpenetrated versus traditional joining methods. The firm points to recurring replacement demand in aging housing stock and a new generation of trades professionals more receptive to PTC products.
In their words: "Reliance is the type of business we look for — a global, market-leading industrial company with strong brands, durable customer relationships and clear opportunities to create value," said Anuj Ranjan, chief executive officer of Brookfield's private equity group.
What's next? The deal will be funded through the Brookfield Capital PartnersDealroom has a profile for this one. Try Dealroom → strategy and its affiliate Brookfield Business CorporationDealroom has a profile for this one. Try Dealroom →. It remains subject to shareholder, regulatory, and government approvals, with closing expected in the first quarter of 2027.
The signal: The acquisition underscores Brookfield's push into US housing-linked industrials, betting on steady replacement-driven cashflows over speculative growth. For Reliance, delisting under Brookfield swaps public-market scrutiny for long-term private capital to fund product expansion.
Read more: finanznachrichten.de
Image credit: William Herron
