Brookfield has agreed to acquire Edmonton-based Gregg Distributors LP in a deal that values the industrial supplier at an enterprise value of approximately $1.6 billion, marking a major investment in a company that supplies products used across Western Canada’s energy, agriculture, construction, transportation, automotive and municipal sectors.
The transaction is being made through Brookfield’s private equity business. Gregg is currently owned by the Gary Gregg family and its employees. Under the agreement, the family is selling its interest, while employee shareholders will keep what Brookfield described as a "meaningful ownership stake" after the deal closes. Transaction reporting indicates Brookfield will become the company’s controlling owner.
Gregg has more than 1,100 employees across 26 Western Canadian locations, and the company says more than 800 employees participate in its investment and equity program.
Gregg traces its beginnings to the 1950s and 1960s, when founder Roy Gregg sold industrial cleaning products from the trunk of the family car around Edmonton. The company moved into a commercial location in 1968, which Gregg recognizes as its formal founding, and later expanded across Western Canada.
Today, the distributor carries more than 200,000 stock-keeping units across about 2,200 product lines. Its inventory includes hoses, fittings, tools, fasteners, safety equipment, workwear and welding supplies. Gregg operates a fleet of more than 180 vehicles and maintains a product fill rate of about 97%.
Its customer base spans several industries, including energy, agriculture, construction, transportation, automotive services, manufacturing and municipal operations. The company’s business centers on maintenance, repair and operations, or MRO, products used to keep facilities, equipment and vehicles running.
Brookfield said Gregg’s position in MRO distribution made it attractive as a business with recurring demand, as equipment, fleets and job sites regularly require replacement parts and supplies.
Erson Olivan, a managing partner in Brookfield’s private equity group, highlighted Gregg’s "strong market position, resilient cash-flow profile and a differentiated customer value proposition." He said the firm intends to use its operating experience and knowledge of industrial markets to support Gregg’s continued growth.
Brookfield manages more than $1 trillion in assets globally, while its private equity division manages approximately $160 billion. The PE division focuses on businesses that provide essential products and services and where Brookfield sees potential for long-term growth through operational improvements and additional capital.
The company has not announced detailed expansion targets, acquisition plans or changes to Gregg’s operations. Possibilities include supporting additional locations, expanding inventory, improving distribution technology, greater online ordering capabilities or acquisitions of smaller regional suppliers, but those possibilities remain speculative until the companies provide a more detailed strategy.
Gregg’s employee ownership program remains a notable part of the transaction, with employee shareholders retaining a stake after Brookfield takes control.
Gary Gregg said the family wanted a buyer that could preserve the company’s culture and support future growth. He described Brookfield as the "ideal partner for Gregg’s next chapter", citing its Canadian presence, industrial knowledge and operating capabilities.
The transaction is expected to close by the end of 2026, subject to regulatory approvals and customary closing conditions. Brookfield has not disclosed the financing structure, the precise ownership percentage employees will retain, or whether the Gregg name and branding will change.
For Gregg, the deal ends nearly six decades under family control while preserving an employee ownership component and its Western Canadian footprint. For Brookfield, it adds an established distributor serving industries that rely on steady access to parts, tools and safety supplies. Less than a month ago, I covered Brookfield's bid on Reliance Worldwide.
