Plumbing News & Analysis

Brookfield Business (BBUC) Joins $2.8 Billion Reliance Acquisition Deal

Brookfield Business Corporation (NYSE: BBUC) will take part in the acquisition of Reliance Worldwide Corporation, which is valued at approximately US$2.8 billion in enterprise value. The deal, announced on September 15, aims for Brookfield to acquire 100% ownership. Completion of the transaction is expected in the first quarter of 2027, pending regulatory and shareholder approvals. Funding includes up to US$1.5 billion in equity from Brookfield Capital Partners VII L.P. This acquisition could provide Brookfield with increased market share and improved cash generation capabilities.