Dresser Utility Solutions (a leading provider of global infrastructure technology for the energy transition including measurement, instrumentation, coupling and repair, pressure and flow control solutions to water and gas utility and industrial customers, and a portfolio company of First Reserve) announced it has secured a $335 million credit facility from funds managed by Blue Owl Capital’s Credit platform.
This new credit facility will be used to support the company’s ongoing capital needs, fund strategic acquisitions and general corporate purposes.
Based in Houston, Texas, Dresser Utility Solutions has a global presence with about 850 employees and a sales presence in over 100 countries.
KEY QUOTE:
“This new credit facility enhances our financial flexibility and allows us to continue investing in our future growth. We appreciate the strong support from our lending partners and their confidence in our strategy.”
- Nelson Rowe, chief financial officer, Dresser Utility Solutions
