Brookfield Asset Management to Acquire Gregg Distributors LP for $1.6 Billion
July 24, 2026
Brookfield Asset Management’s private equity business has agreed to acquire Edmonton-based industrial MRO supplier Gregg Distributors LP in a deal valuing the company at about C$1.6 billion (roughly $1.14 billion USD). Gregg will become a controlling stake for Brookfield, while the Gregg family and employees are expected to retain meaningful ownership positions. The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions.
- Targets
- Gregg Distributors LP
- Sellers
- Gary Gregg family, Gregg Distributors LP employees (selling a portion of their shares)
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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