$BAM (BROOKFIELD ASSET MANAGEMENT) — 8-K: Brookfield to acquire Reliance Worldwide for US$3.38 per share, US$2.8 billion enterprise value

Brookfield's flagship private equity strategy agreed to acquire 100% of Reliance Worldwide Corporation (ASX: RWC) for US$3.38 per share in cash, implying an enterprise value of approximately US$2.8 billion. Reliance's board unanimously recommended the proposal, and shareholders will vote on the agreement. The transaction is expected to close in Q1 2027, subject to shareholder, regulatory and government approvals. The investment will be funded through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation (NYSE: BBUC, TSX: BBUC).

Brookfield's flagship private equity strategy agreed to acquire 100% of Reliance Worldwide Corporation (ASX: RWC) for US$3.38 per share in cash, implying an enterprise value of approximately US$2.8 bi