Investment giant Brookfield buys Edmonton's Gregg Distributors for $1.6 billion

One 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. 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. […]