Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEnergyInvestment giant Brookfield buys Edmonton's Gregg Distributors for $1.6 billionThe family company that has sold everyday industrial gear across Western Canada since 1968 is selling upLast updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.Brookfield Asset Management Ltd., through its private equity business, is buying Gregg Distributors LP., an Edmonton company that has sold everyday industrial gear across Western Canada since 1968. Photo by SuppliedOne of the world’s biggest asset managers just made a $1.6-billion bet on the gear that runs the West in Canada: hoses, drill bits and safety equipment.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorBrookfield Asset Management Ltd., through its private equity business, is buying Gregg Distributors LP., an Edmonton company that has sold everyday industrial gear across Western Canada since 1968. The family that built it is selling. The employees who own a piece of it are keeping a meaningful stake in the deal.The purchase fits a broader move in terms of where investment capital is flowing. A hands-on business selling everyday supplies to the people who keep the West working. Gregg’s customers are energy companies, farmers, builders, truckers, mechanics and municipalities, a base so broad it hinges on more than oil.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Gregg’s is a high-quality business with a strong market position, resilient cash-flow profile and a differentiated customer value proposition,” Erson Olivan, a managing partner in Brookfield’s private equity group, said in the news release announcing the deal.Gregg has held its ground on a broad product range, fast fulfillment and hands-on service. The kind of essential-service Brookfield’s private equity arm, with about $160 billion under management, likes to own.The company’s roots run deeper than the deal price suggests. The business traces back to the late 1950s, when founder Roy Gregg sold industrial cleaning products out of the trunk of the family car around Edmonton. It moved into a commercial space in 1968, the year it counts as its founding, and grew into an Edmonton mainstay that has outlasted boom and bust to become one of Western Canada’s biggest industrial suppliers.The real money could be in what’s next. 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.Gary Gregg, speaking for the family and the company, 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,” Gregg said in the release, calling Brookfield “the ideal partner for Gregg’s next chapter.”The deal is expected to close by the end of 2026, subject to regulatory approvals and customary conditions.Brookfield says it plans to back Gregg’s next phase of growth, and for a company already running more than two dozen locations across three provinces, with an owner of that scale behind it, the West’s toolbox is only getting bigger. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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