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Brookfield to acquire Reliance Worldwide for $2.9B
PUBLIC · BAMSep 16, 2026•1 day ago
Acquiring Company
Brookfield Asset Management
Acquired Company
Reliance Worldwide
New YorkMelbourneEnergyFinancial ServicesReal EstateFinanceFintechReal Estate
Description
Brookfield Asset Management has made a $2.9 billion bid to acquire Australia's Reliance Worldwide. This acquisition aims to strengthen Brookfield's portfolio in the plumbing supply sector. Reliance Worldwide is well-known for its innovative plumbing solutions. The deal signifies a strategic move for Brookfield in expanding its presence in the Australian market.
Company Information
Company
Brookfield Asset Management
Location
New York, New York, United States
About
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with $850 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
For more information, please visit our website at https://bam.brookfield.com or contact:
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Tech stack consolidation
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Post-acquisition investment
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Frequently asked
Who acquired Reliance Worldwide?
Reliance Worldwide was acquired by Brookfield Asset Management, based in New York. The deal was reported on September 16, 2026. Brookfield Asset Management Ltd. Brookfield Asset Management is publicly traded (BAM) and operates in Energy.
When did Brookfield Asset Management acquire Reliance Worldwide?
Brookfield Asset Management's acquisition of Reliance Worldwide was reported on September 16, 2026. Brookfield Asset Management has made a $2.9 billion bid to acquire Australia's Reliance Worldwide. This acquisition aims to strengthen Brookfield's portfolio in the plumbing supply sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Reliance Worldwide do?
Reliance Worldwide Corporation is a leading global manufacturer and supplier of plumbing and water control products. It is privately held, operating in Real Estate, and is based in Melbourne.
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New York
MelbourneEnergyFinancial ServicesReal EstateFinanceFintechReal Estate