Brookfield Agrees to Acquire Reliance Worldwide Corporation

Colony Bankcorp to Acquire First Reliance Bancshares for Approximately $163 Million

June 24, 2026

Financial Services

Colony Bankcorp agreed to acquire 100% of First Reliance Bancshares in a stock-and-cash transaction valued at approximately $163 million. The combination is expected to expand Colony’s Southeast footprint and create a banking institution with approximately $5 billion in assets; it remains subject to customary closing conditions and is expected to close in the fourth quarter of 2026.

Brookfield Asset Management to Acquire World Freight Company (WFC) for ~$1.2 Billion

May 15, 2026

Logistics & Distribution

Brookfield Asset Management (through its private equity business) has agreed to acquire World Freight Company (WFC), a global air cargo general sales and service agent (GSSA), for an enterprise value of approximately $1.2 billion. The sellers, PAI Partners and EQT, are exiting their investment after supporting WFC’s transformation via organic growth, 20 acquisitions, and technology/digital expansion. The transaction is expected to close by the end of 2026.

Carrington Holding Company to Acquire Reliance First Capital

October 31, 2025

Financial Services

Carrington Holding Company has entered into an agreement to acquire Reliance First Capital, LLC from Tiptree Inc. The deal is intended to add a direct-to-consumer retail mortgage origination channel to Carrington’s existing wholesale/correspondent and retail recapture businesses.

Brookfield Reinsurance to Acquire Argo Group for $1.1 Billion

April 19, 2023

Insurance

Brookfield Reinsurance Ltd. will acquire Argo Group International Holdings, Ltd. in an all-cash transaction valued at approximately $1.1 billion. Argo shareholders approved the proposed merger, and the deal is expected to close in the second half of 2023 subject to customary regulatory and closing conditions.

Reliance Global Group Acquires Barra & Associates

April 27, 2022

Insurance

Reliance Global Group, Inc. (NASDAQ: RELI) acquired Barra & Associates for approximately $7.5 million in cash and debt. The deal adds over 60 agents and agency partners to Reliance’s platform, supports the company’s nationwide expansion and leverages Barra’s technology infrastructure; founder Grant Barra will continue to lead the Barra subsidiary within Reliance.

Reliance Global Group Acquires Medigap Health Insurance Company

December 22, 2021

Insurance

Reliance Global Group, Inc. (NASDAQ: RELI) entered into a definitive agreement to acquire Medigap Health Insurance Company, an insurance brokerage in Florida specializing in Medicare supplement insurance, in an asset purchase expected to close in early 2022. The transaction, valued at approximately $19.6 million in cash and restricted common stock, is intended to expand Reliance's presence in the Medicare supplement market and leverage operational synergies with its existing portfolio.