Brookfield Asset Management says it will acquire Edmonton-based Gregg Distributors LP for $1.6 billion. The deal is carried out through Brookfield’s private equity arm. Gregg Distributors supplies industrial products, including power tools, safety equipment, and auto parts, serving sectors such as oilfield services, construction, and trucking. One report describes Gregg as a long-running supplier in Western Canada that has been in operation since 1968, distributing items used in everyday industrial and equipment needs across the region. The coverage characterizes the purchase as a large investment in the distribution business that supports equipment and supplies for multiple industrial end markets. Both outlets report the same purchase price and the core details of the companies involved, with no differing figures on the transaction value. No additional terms, such as deal timing, financing, or conditions, are included in the provided excerpts.