Key Takeaways
- • Crane Company has completed its acquisition of Trillium Pumps US, a Fresno, California-based maker of municipal water and wastewater pumps, from Trillium Flow Technologies, a First Reserve portfolio company.
- • The purchase price was about $240 million, roughly 14.6 times estimated 2026 adjusted EBITDA, per the original terms agreed in September.
- • The divestiture is First Reserve's third exit from Trillium this year, following the sales of its valves division to Flowserve and its French valves operations to Framatome.
- • Trillium now centers on Trillium Pumps International after the US pump business was sold.
- • J.P. Morgan advised Trillium and First Reserve on the transaction.
Summary
Crane Company has completed its acquisition of Trillium Pumps US, a Fresno, California-based manufacturer of pumps used by municipal water and wastewater utilities. The seller was Trillium Flow Technologies, a portfolio company of First Reserve. Crane first agreed to the deal in September, at a price of about $240 million, or roughly 14.6 times estimated 2026 adjusted EBITDA.
Trillium Pumps US sells several pump lines, including Floway vertical turbine pumps, Wemco solids-handling pumps, WSP self-priming trash pumps and Roto-Jet pitot tube pumps. The business also services and repairs pumps already installed in the field, which gives it a recurring aftermarket component alongside equipment sales.
The transaction marks First Reserve's third exit from Trillium this year. Earlier divestitures included the sale of its valves division to Flowserve and its French valves operations to Framatome. With the US pump business gone, Trillium now centers on Trillium Pumps International.
Doug Kitani, chief executive officer of Trillium, said Crane is a strong long-term home for the business, its brands and its people. J.P. Morgan advised Trillium and First Reserve on the sale.
Trillium Pumps US sells several pump lines, including Floway vertical turbine pumps, Wemco solids-handling pumps, WSP self-priming trash pumps and Roto-Jet pitot tube pumps. The business also services and repairs pumps already installed in the field, which gives it a recurring aftermarket component alongside equipment sales.
The transaction marks First Reserve's third exit from Trillium this year. Earlier divestitures included the sale of its valves division to Flowserve and its French valves operations to Framatome. With the US pump business gone, Trillium now centers on Trillium Pumps International.
Doug Kitani, chief executive officer of Trillium, said Crane is a strong long-term home for the business, its brands and its people. J.P. Morgan advised Trillium and First Reserve on the sale.
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