Brookfield Agrees to Acquire Reliance Worldwide Corporation

Brookfield, through its private equity strategy and with Brookfield Business Corporation participating, agreed to acquire 100% of Reliance Worldwide Corporation for US$3.38 per share in cash, valuing the company at approximately US$2.8–2.9 billion. The transaction remains subject to shareholder, court, regulatory and other approvals, with implementation expected in the first quarter of 2027; Reliance’s board recommended the scheme in the absence of a superior proposal and subject to an independent expert’s conclusion.