Brookfield to acquire Reliance Worldwide in all-cash $2.9B deal

M&A · PartnershipCorporate Action
โดย Seeking Alpha·US·Read original
Summary · why it matters

Brookfield has agreed to acquire plumbing products manufacturer Reliance Worldwide for about $2.9B in an all-cash deal. The offer values Reliance at $3.38 per share, equivalent to A$4.75 per share, and represents a roughly 32% premium to its August 17 closing price. Reliance's board unanimously recommended the deal to shareholders, and the transaction is subject to shareholder, regulatory and other customary approvals, with closing expected in Q1 2027. The agreement includes a Go Shop provision allowing Reliance to seek and negotiate competing proposals. Reliance is headquartered in the U.S., with operations across the Americas, Europe and the Middle East, and Asia Pacific, and Brookfield had made several approaches earlier this year before increasing its offer to A$4.75 per share. Brookfield's investment will be funded through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation.

Impact on stocks 5

Financials▲ · 2 stocks
Brookfield Business Corp
BBUC
± MixedCapitalrelevance

Brookfield Business Corporation affiliate is named as funding vehicle for the Reliance acquisition, but no specific financial impact stated.

Brookfield Asset Management Ltd.
BAM
± MixedCapitalrelevance

Brookfield affiliate is the acquirer in the $2.9B Reliance deal, funded via Brookfield Capital Partners strategy, but impact on the listed asset manager is unclear.

Energy Transition & Power Demand▲ · 1 stocks
Brookfield Corp
BN
± MixedCapitalrelevance

Brookfield Corp is the parent of the acquirer in the $2.9B Reliance Worldwide deal, but no direct impact specified.

Communication Services▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 1

Reliance Worldwide CorporationPrivate▲ Positive
Capitalrelevance

Reliance Worldwide agreed to be acquired by Brookfield for $2.9B at a ~32% premium, with board unanimous recommendation.

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