Brookfield, acting through its private equity business, has agreed to acquire Gregg Distributors, a leading industrial maintenance, repair and operations (MRO) distributor. The transaction, announced on July 20, 2026 out of Toronto/Edmonton, values the business at an enterprise value of approximately C$1.6 billion. Gregg is currently owned by the Gary Gregg family and its employees, who will retain a meaningful ownership stake as part of the transaction. Brookfield is buying out the Gregg family's stake and some employee shares to take a controlling position, though employees will still own part of the business. Founded in 1968 and headquartered in Edmonton, Alberta, Gregg serves a diversified base of industrial customers across Western Canada. It supplies MRO products to approximately 20,000 customers spanning automotive, agriculture, energy and construction, sourcing from around 500 suppliers. A managing partner in Brookfield's private equity group, Erson Olivan, described Gregg as a high-quality business with a strong market position and resilient cash-flow profile. Brookfield manages over $1 trillion in assets and runs a large private-equity business; it plans to keep Gregg's existing management team and roughly 1,000 employees in place. The acquisition is expected to close by the end of 2026, subject to customary closing conditions and regulatory approvals.