Gregg Distributors sells to Brookfield for $1.6 billion in landmark Edmonton deal

Investment giant Brookfield Asset Management is buying Gregg Distributors, an Edmonton industrial supplier, for $1.6 billion — one of the largest deals for a company that has quietly anchored Western Canada's supply chain since 1968.

Gregg supplies hoses, drill bits, safety equipment, and everyday industrial gear to energy companies, farmers, builders, truckers, mechanics, and municipalities across the West. The family that built it is selling, while employees who own a piece of the company are keeping a meaningful stake in the deal.

The company's roots run deeper than the price tag suggests. Founder Roy Gregg sold industrial cleaning products out of his car trunk around Edmonton in the late 1950s. The business moved into a commercial space in 1968 and grew into one of Western Canada's biggest industrial suppliers, surviving boom-and-bust cycles to become an essential service for contractors and energy firms.

Gregg's has held its ground on a broad product range, fast fulfillment, and hands-on service — exactly the kind of resilient, essential business Brookfield's private equity arm, which manages about $160 billion, likes to own. Gary Gregg, speaking for the family, tied the sale to a legacy he wanted to protect: "We are proud of the business we have built with our employees and the culture that has defined Gregg for more than 58 years." He called Brookfield "the ideal partner for Gregg's next chapter."

With Canada committing to energy security and billions moving into LNG and pipelines, Gregg sits directly downstream of every major project the West breaks ground on. Brookfield says it plans to back Gregg's next phase of growth — for a company already running more than two dozen locations across three provinces, that scale of backing could reshape the West's supply landscape. The deal is expected to close by the end of 2026, subject to regulatory approvals.