{
  "id": 7730233,
  "title": "Brookfield agrees $2.8bn deal to take Reliance Worldwide private",
  "url": "https://urgent.news/2026/09/16/brookfield-agrees-2-8bn-deal-to-take-reliance-worldwide-private",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:13:53.000Z",
  "source": {
    "name": "PE Hub",
    "slug": "pe-hub",
    "url": "https://www.pehub.com/brookfield-agrees-2-8bn-deal-to-take-reliance-worldwide-private/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Brookfield Asset Management has agreed to acquire Reliance Worldwide Corporation, a global manufacturer of plumbing and heating solutions. The deal, worth approximately $2.8 billion, will see Brookfield take Reliance Worldwide private at A$4.75 per share. The company's board has unanimously recommended the offer to shareholders.\n\nReliance Worldwide operates in the Americas, Europe, the Middle East, and Asia-Pacific, manufacturing plumbing and heating products. The acquisition is subject to regulatory and government approvals and will be put to a shareholder vote. According to Investing.com, this is Brookfield's fourth bid, with previous offers being A$4.15, A$4.25, and A$4.50 per share.\n\nThe transaction marks the conclusion of Brookfield's pursuit of Reliance Worldwide, which began with an initial unsolicited approach. The deal will support Reliance's next phase of growth as a global leader in plumbing products and solutions, as stated by Brookfield in a press release reported by the Financial Post.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Financial Post",
        "title": "Brookfield Agrees to Acquire Reliance Worldwide Corporation",
        "url": "https://urgent.news/2026/09/15/brookfield-agrees-to-acquire-reliance-worldwide-corporation",
        "published": "2026-09-15T23:32:59.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Australia’s Reliance Worldwide agrees to Brookfield’s $2.9 billion buyout bid",
        "url": "https://urgent.news/2026/09/16/australias-reliance-worldwide-agrees-to-brookfields-2-9-billion",
        "published": "2026-09-16T01:24:52.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Brookfield to acquire Reliance Worldwide in all-cash $2.9B deal",
        "url": "https://urgent.news/2026/09/16/brookfield-to-acquire-reliance-worldwide-in-all-cash-2-9b-deal",
        "published": "2026-09-16T05:21:46.000Z"
      },
      {
        "outlet": "Private Equity Wire",
        "title": "Brookfield to acquire Reliance Worldwide in $2.9bn deal",
        "url": "https://urgent.news/2026/09/16/brookfield-to-acquire-reliance-worldwide-in-2-9bn-deal",
        "published": "2026-09-16T08:10:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}