Trillium Flow Technologies has agreed to sell its U.S. pumps business to Crane Company for approximately $240 million as the First Reserve portfolio company continues reshaping its flow control portfolio.
Trillium Pumps US primarily serves municipal water and wastewater customers through its Floway, Wemco, Roto-Jet and WSP brands.
The company manufactures highly engineered pumping systems and benefits from an installed base that generates recurring service, repair, retrofit and replacement demand over the lifecycle of its equipment.
The sale represents another step in Trillium’s portfolio strategy under First Reserve ownership, allowing the U.S. pumps business to move into Crane while Trillium continues focusing on its remaining engineered flow control and aftermarket operations.
The transaction is expected to close later in 2026, subject to customary closing conditions and regulatory approvals.
J.P. Morgan Securities is serving as financial advisor to Trillium Flow Technologies and First Reserve, while Freshfields is legal advisor.
First Reserve has raised more than $35 billion of capital since its founding in 1983 and has participated in more than 750 platform and add-on transactions across infrastructure, energy, utilities and industrial markets.
KEY QUOTES:
“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. We are proud of what the team has accomplished and believe Crane is well-positioned to support TPU in its next phase of growth.”
Doug Kitani, CEO of Trillium Flow Technologies
“The progress TPU has achieved is a direct reflection of the talent and expertise of our team. 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.”
Bryan Voytilla, President of Trillium Pumps US
“This transaction demonstrates the seamless execution of our value creation strategy. As we move toward closing, we remain focused on ensuring business continuity and a smooth transition for our customers, employees, and other stakeholders.”
Kerem Yilmaz, COO and CFO of Trillium Flow Technologies
“TPU’s performance and market position reflect the strength of the business and the work accomplished through our partnership with the Trillium management team. We are proud of the progress achieved at TPU and believe this transaction positions the business well for continued success with Crane.”
Jeff Quake, Managing Partner at First Reserve
