Reliance Water Heaters and its parent service network, Reliance Home Comfort, are owned by major investment firms specializing in infrastructure and home service assets. Over the years, the company has traded ownership among private equity firms, most notably managed under Brookfield Asset Management before shifting to other institutional investment portfolios. While Reliance operates the rental fleet and service contracts, the physical water heating equipment distributed to customers is manufactured by established industrial production partners like A.O. Smith.
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