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Reliance Worldwide (ASX:RWC), the plumbing products company behind SharkBite, received a takeover proposal from Brookfield. In August 2026, Pendal Group reported the shares surged after Brookfield lodged a bid at a 32% premium, overshadowing a weak FY26 result with FY27 EBITDA guidance below expectations. First Samuel, which holds Reliance as one of its largest client positions, and LSN noted the $4.75 per share cash proposal followed several approaches and an eight-week due diligence process. Investors Mutual described it as best in class in behind-the-wall plumbing fittings, trading on just 12 times earnings. Reliance Worldwide operates in the Industrials sector within the Building Products industry, and Thesis Tracker has captured 40 comments from 16 fund managers, including Pendal Group, First Samuel, LSN, Investors Mutual and Wilson. Founded in 1949 and headquartered in Melbourne, Reliance designs and manufactures push-to-connect plumbing fittings and water control products sold in the Americas, Europe and Asia Pacific.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Oracle Advisory Group, Yarra Capital Management, Contract Asset Management, Ten Cap, Tyndall Asset Management, Perpetual Asset Management, Equity Trustees Asset Management, Perennial Partners, Pendal Group, Allan Gray, Quest Asset Partners, Wilson Asset Management, Investors Mutual Limited, First Samuel, Blue Boat Capital and LSN Capital Partners have invested in Reliance Worldwide Corporation Ltd (ASX:RWC).
Managers highlight Brookfield's $4.75 per share cash takeover proposal at a 32% premium and Reliance's best-in-class market position in push-to-connect fittings, according to First Samuel, LSN and Investors Mutual.
Pendal notes a weak FY26 result with FY27 EBITDA guidance below expectations, and the takeover remains a non-binding proposal subject to completion.
Reliance Worldwide Corp. Ltd. (RWC) is a global water technology company specializing in the design, manufacture, and distribution of water flow and control products for the plumbing industry. Founded in 1949 and headquartered in Atlanta, GA, RWC’s product portfolio includes fittings, pipes, control valves, thermostatic products, and water meters. The company also provides underfloor and radiant heating control components, plastic extrusions, and fire protection systems. RWC focuses on delivering engineered solutions for residential and commercial plumbing applications worldwide.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.