Deals

Brookfield targets Reliance Worldwide in $2.9bn deal

Tuesday, August 18, 2026 · first reported by Private Equity Wire and 1 other

Brookfield Asset Management proposes all-cash acquisition of Reliance Worldwide Corporation at AUD4.75/share (AUD4.1bn / $2.9bn), a 32% premium, gaining exposure to US construction and residential markets (60% of RWC revenue) through SharkBite plumbing products business.

Firm

Brookfield Asset Management

Also named

Reliance Worldwide Corporation

Deal value

$2.9B

Asset class

Private equity

Geography

Asia-Pacific

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