First Reserve-Backed Trillium Flow Technologies Announces Agreement to Sell Trillium Pumps US to Crane Company
Trillium Flow Technologies, backed by First Reserve, has signed a definitive agreement to sell its U.S. pumps business, Trillium Pumps US (TPU), to Crane Company (CR) for approximately $240 million.
Rhea-AI Summary
Trillium Flow Technologies, backed by First Reserve, has signed a definitive agreement to sell its U.S. pumps business, Trillium Pumps US (TPU), to Crane Company (CR) for approximately $240 million.
TPU serves primarily municipal water and wastewater markets through the Floway, Wemco, Roto-Jet, and WSP brands, providing highly engineered, mission-critical pumping solutions supported by a large installed base and recurring service, repair, retrofit, and replacement demand. Trillium executives describe the sale as part of a disciplined portfolio strategy and emphasize continuity and a smooth transition for customers, employees, and other stakeholders. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.
Positive
- Definitive sale agreement for Trillium Pumps US to Crane at approximately $240 million
- Acquisition adds municipal water and wastewater pump brands with a large installed base and recurring service demand
Negative
- None.
Key Figures
- Transaction value
- approximately $240 million
- Sale of Trillium Pumps US to Crane Company
- Expected completion
- later this year
- Subject to customary closing conditions and applicable regulatory approvals
Historical Context
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Process Flow Technologies sales rose 20.9%, largely from recent acquisitions.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TPU has established a strong position serving primarily municipal water and wastewater markets through its Floway, Wemco, Roto-Jet, and WSP brands. The business provides highly engineered, mission-critical pumping solutions supported by a large installed base and recurring service, repair, retrofit, and replacement demand throughout the asset lifecycle.
"TPU has built a robust business and market position through its deep customer relationships, a continued focus on operational excellence, and the commitment of its people," said Doug Kitani, Chief Executive Officer of Trillium Flow Technologies. "We are proud of what the team has accomplished and believe Crane is well-positioned to support TPU in its next phase of growth."
"The progress TPU has achieved is a direct reflection of the talent and expertise of our team," said Bryan Voytilla, President of Trillium Pumps US. "Together, we have advanced the business, improved performance and delivered consistently for our customers. We are proud of what we have built and look forward to the opportunities ahead alongside Crane."
"This transaction demonstrates the seamless execution of our value creation strategy," said Kerem Yilmaz, Chief Operating Officer and Chief Financial Officer of Trillium Flow Technologies. "As we move toward closing, we remain focused on ensuring business continuity and a smooth transition for our customers, employees, and other stakeholders."
"TPU's performance and market position reflect the strength of the business and the work accomplished through our partnership with the Trillium management team," said Jeff Quake, Managing Partner at First Reserve. "We are proud of the progress achieved at TPU and believe this transaction positions the business well for continued success with Crane."
The transaction is expected to be completed later this year, subject to customary closing conditions, including applicable regulatory approvals.
Advisors
J.P. Morgan Securities LLC is serving as financial advisor to Trillium Flow Technologies and First Reserve, and Freshfields is serving as legal advisor.
About Trillium Flow Technologies
Trillium Flow Technologies is a global provider of highly engineered flow control products and aftermarket services serving critical infrastructure and industrial markets. Built on established brands with generations of engineering heritage, Trillium combines deep industry expertise, innovation, and customer-focused solutions to support demanding applications worldwide. For more information, visit www.trilliumflow.com.
About First Reserve
First Reserve is a leading private equity firm investing across Infrastructure Solutions, Value-Added Infrastructure and Resources strategies with exposure in energy, utility, and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of relationships and portfolio exposure. Since inception, First Reserve has raised over
Contacts
For Trillium
Maureen Fitzgerald
+44.7380.302532
Maureen.Fitzgerald@trilliumflow.com
For First Reserve
Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
FirstReserve-JF@joelefrank.com
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SOURCE Trillium Flow Technologies
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