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Brookfield to Buy Edmonton’s Gregg Distributors in $1.6B Deal

Brookfield Corporation logoBrookfield Corporation
Sig3.45Sen+2.85Env0.00Soc+1.85Gov0.00

Brookfield’s private equity arm will acquire Gregg Distributors, an MRO supplier of industrial hoses, fittings, tools, safety gear and workwear, valuing the deal at about $1.6 billion enterprise value. The family sells its stake while employee shareholders keep a meaningful ownership position. Gregg employs more than 1,100 people across 26 Western Canadian locations.

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