Brookfield has agreed to acquire Gregg Distributors, a Canadian industrial maintenance, repair and operations distributor, in a transaction valuing the company at approximately C$1.6 billion on an enterprise-value basis.
The acquisition will be completed through Brookfield’s private equity business. Gregg is currently owned by the Gary Gregg family and its employees, who will retain a meaningful ownership stake following the transaction.
Founded in 1968 and headquartered in Edmonton, Alberta, Gregg serves industrial customers across Western Canada. The company has developed its market position through a broad product portfolio, rapid fulfillment capabilities and a high-touch customer service model.
Maintenance, repair and operations products include tools, equipment, replacement parts and supplies used to keep industrial facilities and machinery functioning. Although these products are generally not incorporated into customers’ finished goods, they can be critical to avoiding operational disruptions and equipment downtime.
Brookfield plans to use its global industrial experience and operating resources to support Gregg’s continued expansion. The investment firm highlighted the company’s market position, resilient cash flow and long-standing reputation among industrial customers.
The transaction allows the Gregg family and employees to continue participating in the company’s future growth while adding a large institutional partner. Brookfield’s broader network may also help Gregg expand its capabilities, customer relationships and presence in existing and adjacent markets.
Brookfield’s private equity business manages approximately $160 billion in assets and focuses on supporting operational transformation at companies that provide essential products and services.
The acquisition is expected to close by the end of 2026. Completion remains subject to customary closing conditions and regulatory approvals.
KEY QUOTES:
“Gregg is a high-quality business with a strong market position, resilient cash-flow profile and a differentiated customer value proposition.”
“The company has built an exceptional reputation over several decades by providing mission-critical products and outstanding service to customers. We look forward to partnering with the Gregg team to support the company’s continued growth and long-term success.”
Erson Olivan, Managing Partner in Brookfield’s Private Equity Group
“We are proud of the business we have built with our employees and the culture that has defined Gregg for more than 58 years.”
“Brookfield’s extensive operating expertise, commitment to supporting our customers, and deep knowledge of our end-markets through Brookfield’s long-standing presence in Canada and its broader ecosystem make them the ideal partner for Gregg’s next chapter.”
Gary Gregg, On Behalf of the Gary Gregg Family and Gregg Distributors
