Brookfield Capital Partners Agrees to Acquire Reliance Worldwide for A$2.9 Billion

A market development: the companies it affects and how, with the reason and the source evidence.

Search developments

Brookfield Capital Partners Agrees to Acquire Reliance Worldwide for A$2.9 Billion

corporate_actionannounced2026-09-15 23:31:39 UTCimp 0.84RWC.AX +0.85

Reliance Worldwide Corporation entered a scheme implementation deed with Brookfield Capital Partners under which Brookfield will acquire 100% of Reliance Worldwide for A$3.38 cash per share. The transaction implies an enterprise value of approximately A$2.9 billion and an EV/FY26 EBITDA multiple of 12.1x.

Surprise 0.68Confidence 0.92
Rationale

The supplied wire and grounded context explicitly identify a new proposed acquisition: Reliance Worldwide Corporation entered a scheme implementation deed under which Brookfield Capital Partners would acquire 100% of the company for A$3.38 cash per share, implying an enterprise value of approximately A$2.9 billion and an EV/FY26 EBITDA multiple of 12.1x. This is a material, forward-looking M&A development rather than prohibited market-performance commentary. The supplied timestamp is the wire timestamp; because no separate signing time is provided, it is used as the best estimate with moderate timestamp confidence. The speculative competitor and distributor impacts in the input are not sufficiently supported by transaction-specific evidence, so only the directly affected listed target, RWC.AX, is approved.

EventsBrookfield Acquisition of Reliance Worldwide
Evidence
first_squawk2026-09-15 23:18:05 UTCOpen source
RELIANCE WORLDWIDE CORPORATION HAS ENTERED A SCHEME IMPLEMENTATION DEED WITH BROOKFIELD CAPITAL PARTNERS, UNDER WHICH BROOKFIELD WILL BUY 100% OF RWC FOR $3.38 CASH PER SHARE, REFLECTING AN ENTERPRISE VALUE OF $2.9 BLN AND AN EV/FY26 EBITDA MULTIPLE OF 12.1X.