Toronto, ON — Brookfield Capital Partners LLC (Brookfield) has made an offer to buy Reliance Worldwide Corporation (RWC) for $4.1 billion.
As stated by RWC, “The company has entered into a process deed with Brookfield together with its affiliates and their managed funds following Brookfield’s unsolicited, non-binding, indicative proposal for the acquisition of 100 per cent of the ordinary shares in RWC by way of a scheme of arrangement for a cash offer price of A$4.75 (Australian currency) per RWC share.”
This announcement comes after Brookfield and RWC first entered negotiations between April and May. Between that time, proposed offers ranged from A$4.15 to A$4.50 in cash per RWC share.
RWC adds that under this process deed, the company agrees to exclusivity restrictions including non-solicit, no talk (with no fiduciary exception) and no due diligence obligations, for four weeks from Aug. 17, 2026 to Sept. 15, 2026.
Based in Australia, RWC is a manufacturer of plumbing and heating products and is known for brands such as SharkBite, HoldRite, and Cash Acme.
Brookfield is a private equity firm based in Toronto, Ont., that primarily invests in business products, business services, materials, energy, manufacturing, infrastructure, oil, gas, and industrial sectors in North America.