Brookfield has agreed to acquire 100% of Reliance Worldwide Corporation (RWC), a global manufacturer of plumbing and heating solutions, in an all-cash transaction valuing the company at approximately US$2.8 billion. The agreement was announced on September 15, 2026, by Brookfield through its flagship private equity strategy.
Under the proposed deal, Reliance shareholders would receive US$3.38 per share. The company’s board has unanimously recommended the offer, although shareholders still need to vote on the agreement. The transaction remains subject to regulatory, government and other customary approvals.
Headquartered in the United States, Reliance operates across the Americas, Europe and the Middle East, as well as the Asia-Pacific region. The company is known for its push-to-connect fittings used in plumbing systems and has established brands across its international markets.
Brookfield’s investment is set to be funded through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation. The investment firm said its interest in Reliance includes the company’s position in push-to-connect fittings, its presence across established distribution channels and opportunities to expand its range of products beyond the core category.
The announcement also points to replacement demand associated with ageing housing stock as a factor supporting the plumbing products market. Brookfield said Reliance has opportunities to supply additional products to its existing customer base, alongside its established relationships with major retailers and wholesale distributors.
Anuj Ranjan, CEO of Brookfield’s Private Equity group, said the firm expects its industrial operating experience and exposure to the US housing ecosystem to support Reliance following the acquisition.
If the required approvals are obtained, Brookfield expects the transaction to close in the first quarter of 2027. Until then, the acquisition remains subject to shareholder approval and applicable regulatory and government clearances.
source:Brookfield Agrees to Acquire Reliance Worldwide Corporation | Brookfield Asset Management (BAM)
