Reliance Worldwide Corporation acquired by Brookfield

Funded through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation, Brookfield signs a binding process deed to acquire 100% of the ordinary shares in Reliance Worldwide Corporation. Announced in August 2026, this public-to-private buyout values the global manufacturer at an enterprise value of $1–10bn. Based on the financial terms negotiated by the board of directors at Reliance Worldwide Corporation, the all-cash proposal of 4.75 Australian dollars per share aligns this corporate takeover with an EV/EBITDA multiple of 10x–18x on a post-AASB16 basis for the 2026 fiscal year. The execution of this definitive agreement directly follows multiple unsolicited, non-binding indicative offers previously submitted by Brookfield during the spring of 2026. The strategic rationale driving Brookfield, as articulated by Private Equity Chief Executive Officer Anuj Ranjan, hinges on capturing a highly resilient industrial asset perfectly positioned to benefit from long-term demand tailwinds within the United States housing ecosystem. By taking control of Reliance Worldwide Corporation, the acquiring sponsor intends to leverage its extensive operational expertise in the industrials sector to aggressively accelerate the product expansion roadmap of the newly acquired entity. To secure this transaction, the target board originally granted Brookfield a strict four-week exclusivity period to conduct confirmatory due diligence. Crucially, the negotiated scheme implementation deed features a dedicated 30-day go-shop provision, allowing Reliance Worldwide Corporation to actively solicit alternative acquisition proposals from competing third parties during the initial signing phase. To orchestrate this complex cross-border public takeover, Reliance Worldwide Corporation mandated a highly specialized advisory consortium. The sell-side financial evaluation was jointly conducted by Goldman Sachs and Oaktower Partnership, while Herbert Smith Freehills Kramer provided exclusive legal counsel to navigate the regulatory frameworks. The complete share transfer formally remains subject to customary closing conditions, including majority shareholder approval and mandatory government clearances, with the final integration officially slated for the first quarter of 2027.

By taking control of Reliance Worldwide Corporation, Brookfield continues its expansion strategy. Previously, the group had completed 3 acquisitions, including World Freight Company in 2026.