Brookfield, through its private equity business, has agreed to acquire Edmonton-based Gregg Distributors.

The transaction values the business at
an enterprise value of approximately $1.6B CAD.

Gregg Distributors is currently owned by the Gary Gregg family and its employees, who will retain a meaningful ownership stake in the business as part of the transaction.

Founded in 1968 and headquartered in Edmonton, Alberta, Gregg serves a diversified base of customers across Western Canada.

The Company has established a differentiated position in the market through its broad product offering, rapid fulfillment capabilities and high-touch customer service model, enabling it to serve mission-critical customer needs.

Erson Olivan, a Managing Partner in Brookfield’s Private Equity Group, said “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.”

Gary Gregg, on behalf of the Gary Gregg family and the Company, said, “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.”

The transaction is expected to close by the end of 2026, subject to customary closing conditions and regulatory approvals.