Brookfield signs deal valued at US$2.8B to buy Reliance Worldwide

TORONTO - Brookfield Capital Partners LLC has signed a deal to purchase Reliance Worldwide Corp. Ltd., valuing the Australian company at approximately US$2.8 billion. The annual payment for this subscription is set at $205.00 plus GST for one year, with automatic renewal at $233.00 plus GST every 52 weeks, representing a 10% discount off the regular annual price of $259.35.

This offer is available to new subscribers and qualified returning subscribers only, with the option to cancel at any time. Brookfield Capital Partners LLC, a private equity group within Brookfield, has acquired Reliance Worldwide Corp. Ltd., a company with a diverse portfolio of plumbing products and global operations. Anuj Ranjan, CEO of Brookfield’s Private Equity group, highlights Brookfield’s expertise in industrials and the U.S. housing market, which positions the company to support Reliance's growth trajectory in the long term.

The agreement calls for Brookfield to pay US$3.38 per Reliance share in cash. The transaction, contingent upon approval from Reliance shareholders and regulators, is anticipated to conclude in the first quarter of next year. This report by The Canadian Press was initially published on September 16, 2026. Companies mentioned in this story include Brookfield Capital Partners LLC (TSX:BBUC, TSX:BAM, TSX:BN).