First Reserve-Backed Trillium Flow Technologies Completes Sale of Trillium Pumps US to Crane Company
STAMFORD, Conn. and HOUSTON, November 2, 2026 – Trillium Flow Technologies (“Trillium”), a portfolio company of First Reserve and a leading provider of highly engineered flow control products and aftermarket services, today announced the completion of the previously announced sale of Trillium Pumps US (“TPU”) to Crane Company (NYSE: CR), a premier industrial manufacturing and technology company.
The completion marks the next stage for TPU following a period of significant operational and financial progress. The business serves critical infrastructure and industrial markets through established pump brands, engineering capabilities and aftermarket expertise.
“TPU has made tremendous progress, driven by the commitment of its people, disciplined execution and a continued focus on customers,” said Doug Kitani, Chief Executive Officer of Trillium Flow Technologies. “We are proud of what has been accomplished and believe Crane represents a strong long-term home for the business, its brands and its people.”
The completion reflects the contributions of employees and leaders across TPU and Trillium over many years, as well as the teams that supported the transaction and separation process. Together, those efforts strengthened the business, improved performance, deepened customer relationships and positioned TPU well for its next phase of ownership.
The transaction underscores Trillium’s disciplined approach to positioning its businesses for long-term success. Following completion, Trillium remains focused on strengthening Trillium Pumps International (TPI), supported by First Reserve’s sector experience, investment capabilities and long-standing expertise across critical infrastructure and industrial markets.
“This transaction reflects the disciplined execution of our value creation strategy,” said Kerem Yilmaz, Chief Operating Officer and Chief Financial Officer of Trillium Flow Technologies. “This successful transaction is the result of significant work across the organization over many years. We remain focused on strengthening TPI’s performance, supporting its people and customers, and continuing the work underway across the business.”
“TPU’s performance and market position reflect the progress achieved through the partnership between First Reserve and the Trillium management team,” said Jeff Quake, Managing Partner at First Reserve. “We are proud of the business the team has built and pleased to see TPU move into its next phase with Crane. Throughout our partnership, our focus has been centered on bringing strategic perspective, industry relationships and operational resources to help Trillium execute on its long-term strategic priorities and pursue opportunities for growth. We remain committed to supporting Trillium’s management team as it continues to build on TPI’s established brands, engineering expertise and market position.”
Financial terms of the transaction were not disclosed.
Advisors
J.P. Morgan Securities LLC served as financial advisor to Trillium Flow Technologies and First Reserve, and Freshfields served as legal advisor.
About Trillium Flow Technologies
Trillium Flow Technologies is a global provider of highly engineered flow control products and aftermarket services serving critical infrastructure and industrial markets. Built on established brands with generations of engineering heritage, Trillium combines deep industry expertise, innovation and customer-focused solutions to support demanding applications worldwide.
About First Reserve
First Reserve is a leading private equity firm investing across Infrastructure Solutions, Value-Added Infrastructure and Resources strategies, with deep experience across energy, utility and industrial markets. Founded in 1983, the firm brings more than 40 years of industry insight and has developed an extensive network of relationships, investment experience and operational expertise across these sectors. Since inception, First Reserve has raised more than $35 billion of aggregate capital and completed more than 750 transactions, including platform investments and add-on acquisitions. For more information, visit firstreserve.com
