Brookfield has acquired Reliance Worldwide Corporation for an undisclosed amount. This transaction sees Brookfield take ownership of the global manufacturer known for its innovative plumbing products and solutions. Reliance Worldwide Corporation, founded in Australia in 1936, has established itself as a key player in the water control and connection industry, with a portfolio of brands essential for residential, commercial, and industrial applications worldwide.
Reliance Worldwide Corporation operates across 45 facilities in 20 countries, spanning the Americas, EMEA, and APAC regions. Its well-known brands include SharkBite, JG Speedfit, Reliance Valves, HoldRite, and Holman, all focused on creating easier, safer, and more sustainable plumbing solutions. The company, previously listed on the Australian Stock Exchange, maintains global headquarters in Atlanta, with regional hubs in Sydney and London. Brookfield, a global asset manager, adds Reliance Worldwide Corporation to its portfolio, recognizing the company's established market presence and operational scale.
The acquisition is understood to be driven by Reliance Worldwide Corporation's strong market position, its history of innovation in essential infrastructure, and its extensive global distribution network. Brookfield's investment is expected to support Reliance's continued growth trajectory and enhance its capabilities in product development and market expansion. The combination of Brookfield's financial backing and Reliance's operational expertise and brand strength is anticipated to foster further advancements in plumbing technology and expand its reach into new applications and geographies.
The integration under Brookfield's ownership is poised to strengthen Reliance Worldwide Corporation's leadership in the plumbing sector. The combined entity is positioned to capitalize on increasing demand for efficient and sustainable water management solutions, driving ongoing innovation and delivering value across its global operations.