Brookfield Agrees to Acquire Reliance Worldwide Corporation

Brookfield's flagship private equity strategy has agreed to acquire 100% of Reliance Worldwide Corporation (ASX: RWC), the global plumbing and heating manufacturer, in an all-cash deal at US$3.38 per share, implying an enterprise value of about US$2.8 billion. Reliance's board unanimously recommended the proposal, and the transaction is expected to close in Q1 2027, subject to shareholder, regulatory and government approvals. Funding flows through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation (BBUC) rather than through listed BAM directly; BAM's connection is as the asset manager behind Brookfield's investment strategies.

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