Company · Manufacturing
Melbourne, VIC
Every investor coverage indicates participated in a round Reliance Worldwide Corporation raised.
The transaction that ended Reliance Worldwide Corporation's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Brookfield Asset Management | Acquisition | 1Q 2027 | ~US$2.8b (~$4b) | Dealroom, finance.yahoo.com, markets.businessinsider.com, rttnews.com |
Companies Reliance Worldwide Corporation acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Reliance Worldwide Corporation. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Brookfield Asset Management has agreed to buy ASX-listed plumbing and heating maker Reliance Worldwide in an all-cash deal valuing the business at roughly US$2.8 billion, with completion expected in early 2027 pending approvals.
Brookfield has made a $4.1 billion cash offer for Reliance Worldwide, with the board yet to recommend it, as the plumbing manufacturer reports a steep FY26 profit decline and skips its final dividend.
Brookfield has tabled a fourth, richer proposal for Reliance Worldwide, which opened its books; the plumbing group's profit slumped on tariffs and copper costs, and it has hired advisers to assess the approach.
Australian startups Diraq, Marqo, and Hatch secured funding rounds. Ansarada was acquired by Datasite. Bupa launched a new venture fund, and the Queensland government backed several VCs and accelerators.