Crane Co to buy Trillium U.S. pump unit for $240M
Crane Company (CR) entered into a definitive agreement to acquire the U.S. pump business of First Reserve‑backed Trillium Flow Technologies for approximately $240 million, at about 14.6x estimated 2026 adjusted EBITDA.
Rhea-AI Filing Summary
Crane Company (CR) entered into a definitive agreement to acquire the U.S. pump business of First Reserve‑backed Trillium Flow Technologies for approximately $240 million, at about 14.6x estimated 2026 adjusted EBITDA. The business, which includes the Floway, Wemco, Roto‑Jet, and WSP brands, primarily serves U.S. municipal water and wastewater markets and is expected to generate about $115 million of full‑year revenue. Crane plans to integrate the business into its Process Flow Technologies segment, highlighting the large installed base that supports recurring service and replacement demand. Closing is expected in the fourth quarter, subject to customary closing conditions and regulatory approvals.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Purchase price: $240 million
Valuation multiple: 14.6x estimated 2026 adjusted EBITDA
Acquired business revenue: $115 million
+2 more
5 metrics
Purchase price
$240 million
Consideration for the acquisition of Trillium’s U.S. pump business
Valuation multiple
14.6x estimated 2026 adjusted EBITDA
Implied acquisition multiple for Trillium’s U.S. pump business
Acquired business revenue
$115 million
Expected full‑year revenue for the Trillium U.S. pump business
Employees
8,300
Approximate number of Crane Company employees worldwide
Year founded
1855
Crane Company founding year
Key Terms
definitive agreement, adjusted EBITDA, installed base, aftermarket demand, +1 more
5 terms
definitive agreement regulatory
"announced that it has entered into a definitive agreement to acquire"
A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.
adjusted EBITDA financial
"representing a multiple of approximately 14.6x estimated 2026 adjusted EBITDA"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
installed base technical
"benefits from a large installed base of equipment that supports recurring service"
Installed base is the total number of a company’s products or systems that are currently in use by customers. Investors watch it because a larger installed base often means steady revenue opportunities from repeat purchases, upgrades, accessories, or service contracts—think of it like the number of cars a brand has on the road that can return for fuel, repairs, or new parts over time.
aftermarket demand financial
"large installed base that generates recurring aftermarket demand"
Demand for a security that appears in the market after the initial sale or offering, including buying activity in the secondary market or during after-hours trading. It signals how much appetite buyers have for the shares once the initial allocation is done, like shoppers continuing to queue for a popular product after the first batch sells out, and matters because it affects price discovery, liquidity, and how the market values the company beyond the offering price.
customary closing conditions regulatory
"subject to customary closing conditions, including applicable regulatory approvals"
"Customary closing conditions" are standard rules or checks that must be met before a business deal can be finalized, like making sure all paperwork is in order or that certain approvals are obtained. They matter because they help protect both parties, ensuring everything is in place and reducing the risk of surprises or problems after the deal is closed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What acquisition did Crane Company (CR) announce on September 14, 2026?
Crane Company announced a definitive agreement to acquire the U.S. pump business of First Reserve‑backed Trillium Flow Technologies, a provider of highly engineered pump technologies primarily serving U.S. municipal water and wastewater markets, to be integrated into Crane’s Process Flow Technologies segment.
How much is Crane Company (CR) paying for Trillium’s U.S. pump business?
Crane Company agreed to pay approximately $240 million for Trillium’s U.S. pump business, representing a valuation multiple of about 14.6x the target’s estimated 2026 adjusted EBITDA, according to the company’s announcement.
What revenue does the acquired Trillium U.S. pump business generate for Crane (CR)?
The acquired U.S. pump business from Trillium Flow Technologies is expected to produce approximately $115 million of full‑year revenue, primarily from municipal water and wastewater applications and related aftermarket service, repair, retrofit, and replacement demand.
When is Crane Company (CR) expecting the Trillium pump acquisition to close?
The transaction is expected to close in the fourth quarter, subject to customary closing conditions and applicable regulatory approvals, as stated in Crane Company’s announcement.
Which brands are included in Crane’s (CR) acquisition of Trillium’s U.S. pump business?
The acquired U.S. pump business includes the Floway, Wemco, Roto‑Jet, and WSP brands, which provide mission‑critical pumping solutions mainly across municipal water and wastewater applications and contribute to a large installed base that drives recurring aftermarket demand.
How does Crane Company (CR) describe the strategic fit of the Trillium U.S. pump acquisition?
Crane’s CEO Alex Alcala stated the acquired brands are an “excellent strategic fit” that enhance the quality, durability, and growth profile of the Process Flow Technologies segment, increase exposure to resilient water and wastewater markets, and provide recurring aftermarket demand from a large installed base.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 14, 2026
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
(Address of Principal Executive Offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: 203 -363-7300
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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| Item 7.01 | Regulation FD Disclosure. | ||||
On September 14, 2026, Crane Company (the “Company”) issued a press release announcing the entry into a definitive agreement to acquire the U.S. pump business from First Reserve-Backed Trillium Flow Technologies. A copy of the Company’s press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
The information set forth in this Item 7.01 and Exhibit 99.1 attached hereto is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information set forth in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits | |||||||
| 99.1 | Press Release, dated September 14, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CRANE COMPANY | |||||||||||||||||
| September 14, 2026 | |||||||||||||||||
| By: | /s/ Anthony M. D’Iorio | ||||||||||||||||
| Anthony M. D’Iorio | |||||||||||||||||
| Executive Vice President, General Counsel and | |||||||||||||||||
| Secretary | |||||||||||||||||
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Exhibit 99.1
Contacts:
Allison Poliniak, VP Investor Relations
IR@craneco.com
www.craneco.com
Crane Company Announces Agreement to Acquire U.S. Water Pump Business from First Reserve-Backed Trillium Flow Technologies
STAMFORD, CONNECTICUT – September 14, 2026 - Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, today announced that it has entered into a definitive agreement to acquire the U.S. pump business from First Reserve-Backed Trillium Flow Technologies, a leading provider of highly engineered pump technologies primarily serving the U.S. municipal water and wastewater markets for approximately $240 million, representing a multiple of approximately 14.6x estimated 2026 adjusted EBITDA.
This acquisition brings highly recognized brands including Floway, Wemco, Roto-Jet and WSP which are mission-critical pumping solutions used primarily across municipal water and wastewater applications. The business benefits from a large installed base of equipment that supports recurring service, repair, retrofit, and replacement demand throughout the asset lifecycle.
"These brands are an excellent strategic fit that enhances the quality, durability, and growth profile of our Process Flow Technologies segment," said Alex Alcala, President and Chief Executive Officer of Crane Company. "It expands our position in highly engineered pump technologies, increases our exposure to resilient water and wastewater markets, and brings a large installed base that generates recurring aftermarket demand. Just as importantly, we see multiple opportunities to increase the development of innovative products and solutions for our customers and create value by combining these strong brands and technologies with Crane's proven operating system and commercial excellence capabilities."
The acquired business expects full year revenue of approximately $115 million. The transaction is expected to close in the fourth quarter and will be subject to customary closing conditions, including applicable regulatory approvals.
About Crane Company
Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms, Aerospace & Advanced Technologies and Process Flow Technologies. Crane has approximately 8,300 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. Any statements contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly are based on management’s current assumptions, expectations, and beliefs. Forward-looking statements are subject to risks and uncertainties that could lead to actual results differing materially from those expected or implied. Risk factors are discussed in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof, and Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements.
Source: Crane Company
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