Trillium Flow Technologies announced the completion of the sale of select valves businesses to Flowserve. Trillium is a portfolio company of First Reserve and a provider of engineered flow control products and aftermarket services. Flowserve is a provider of flow control products and services for global infrastructure markets. Financial terms of the transaction were not disclosed.
The deal excludes Trillium’s French valves operations. Trillium said the sale marks an important milestone in the company’s ongoing portfolio evolution.
The divested valves portfolio has heritage dating back to 1843 and includes established brands, several of which have more than a century of history.
The businesses serve critical industries including power, water, and infrastructure worldwide.
Trillium said the valves businesses have built a reputation for engineering excellence, reliability, and long-term customer partnerships.
The businesses also provide specialized products and differentiated technology for nuclear power generation assets globally.
Following completion of the transaction, Trillium will continue operating as a focused organization serving critical infrastructure markets globally.
The company said it remains committed to operational excellence, innovation, and customer support.
Trillium Flow Technologies designs, manufactures, and provides aftermarket services for engineered valves and pumps used in critical infrastructure. The company serves sectors including nuclear, water, power, processing, minerals, and general industrial applications.
First Reserve is a private equity firm investing across infrastructure solutions, value-added infrastructure, and resources strategies. Founded in 1983, First Reserve has raised more than $35 billion of aggregate capital and has completed more than 750 transactions, including platform investments and add-on acquisitions.
Support: J.P. Morgan Securities served as financial advisor to Trillium Flow Technologies and First Reserve. Freshfields served as legal advisor.
KEY QUOTES:
“The sale reflects the strength, quality, and long-standing reputation of our valves team and underlying business model. We are confident these businesses are well-positioned for continued success with Flowserve, and we remain focused on thoughtfully shaping our portfolio for the future.”
Doug Kitani, CEO of Trillium Flow Technologies
“This successful transaction reflects the disciplined execution and collaboration demonstrated across our organization. As we continue to execute on the strategic evolution of our portfolio, our focus has remained on supporting our teams, maintaining operational performance, and positioning these businesses for long-term success.”
Kerem Yilmaz, COO and CFO of Trillium Flow Technologies
“Today’s announcement represents an important milestone in the evolution of Trillium Flow Technologies. Through our partnership with the Trillium team, we have supported the development of a high-quality, industry-leading platform serving critical global infrastructure markets.”
Jeff Quake, Managing Partner at First Reserve
