$BAM · Brookfield Asset Management Ltd.

Brookfield Asset Management filed an 8-K announcing it has entered into an agreement to acquire 100% of Reliance Worldwide Corporation, a global manufacturer of plumbing and heating solutions, for US$3.38 per share in an all-cash transaction. The deal carries an enterprise value of approximately US$2.8 billion and was unanimously recommended by Reliance's Board. Funding will come through Brookfield Capital Partners and affiliate Brookfield Business Corporation (BBUC), with closing expected in Q1 2027 subject to shareholder, regulatory, and government approvals.

BAM shares dipped 1.69% to $45.84 in the regular session, a modest move consistent with a $2.8B deal that is small relative to Brookfield's $73.20B market cap and $1T+ AUM. Markets closed — no extended-hours reaction captured.

Brookfield deploys private equity capital into a market-leading industrial platform with recurring replacement demand, signaling conviction in the US housing ecosystem despite macro uncertainty.

Brookfield deploys its flagship private equity strategy into a plumbing-products manufacturer with recurring replacement demand, consistent with its industrial and housing-ecosystem focus. The PTC fittings market remains underpenetrated relative to traditional joining methods.

Transaction is subject to shareholder, regulatory, and government approvals; failure to close could result in deal-break costs. Forward-looking statements caveat that actual results may differ materially.