Crane Company /
Trillium Flow Technologies' U.S. pumps business
Crane Company agreed to buy the U.S. pumps business of First Reserve-backed Trillium Flow Technologies for approximately $240 million, both sides announced Sept. 14, 2026.
The transaction, in context.
The carve-out (Floway, Wemco, Roto-Jet, and WSP) primarily serves U.S. municipal water and wastewater markets and expects about $115 million of full-year revenue. Crane frames the price at about 14.6x estimated 2026 adjusted EBITDA. Closing is targeted in the fourth quarter of 2026, subject to customary conditions and regulatory approvals. Jeff Quake is a Managing Partner at First Reserve. [01]
The people. The paper.
The stills posted with the deal, in post order. The @carrywatch post is the basis for this record.
Crane Company agreed to buy the U.S. pumps business of First Reserve-backed Trillium Flow Technologies for approximately $240 million, both sides announced Sept. 14, 2026.
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Agreement signed, as posted
Crane Company agreed to acquire Trillium Flow Technologies' U.S. pumps business from Trillium Flow Technologies (First Reserve) (Agreement signed, posted 14 Sep 2026).
Source 01
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Trillium Flow Technologies' U.S. pumps business
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Jeff Quake
Managing Partner, First Reserve