Brookfield to Acquire Reliance Worldwide for US$2.8B Enterprise Value
BAM is trading near its 52-week low of $42.2 (11% above the low).
Summary
Brookfield Asset Management agreed to acquire Reliance Worldwide Corporation for US$3.38 per share, an all-cash deal with an enterprise value of approximately US$2.8 billion. The transaction is expected to close in Q1 2027.
Key Events · M&A and Partnerships · BAM
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Acquisition of Reliance Worldwide
Brookfield agreed to acquire 100% of Reliance Worldwide Corporation, a global plumbing and heating solutions manufacturer, for US$3.38 per share in an all-cash transaction.
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Enterprise Value of US$2.8 Billion
The transaction values Reliance at approximately US$2.8 billion, with the Reliance Board unanimously recommending the proposal to shareholders.
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Funding Structure
The investment will be funded through the Brookfield Capital Partners strategy and affiliate Brookfield Business Corporation (NYSE: BBUC, TSX: BBUC).
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Expected Closing in Q1 2027
The transaction is subject to customary closing conditions including shareholder, regulatory, and government approvals, with closing expected in Q1 2027.
Analysis · BAM · Finance
Brookfield Asset Management has agreed to acquire 100% of Reliance Worldwide Corporation, a global plumbing and heating solutions manufacturer, for US$3.38 per share in an all-cash deal valuing Reliance at approximately US$2.8 billion. The Reliance Board has unanimously recommended the proposal. The transaction will be funded through Brookfield Capital Partners and affiliate Brookfield Business Corporation, and is expected to close in Q1 2027, subject to shareholder, regulatory, and government approvals. This acquisition expands Brookfield's industrial portfolio into the plumbing products sector, leveraging its operating expertise in industrials and the US housing ecosystem.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 35.7% of the 1179 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BAM was trading at $46.73 on NYSE in the Finance sector, with a market capitalization of approximately $75.1B. The 52-week trading range was $42.20 to $62.57. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.