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Crane Company Announces Agreement to Acquire U.S. Water Pump Business from First Reserve-Backed Trillium Flow Technologies

CR
  • Crane Company (NYSE: CR) entered a definitive agreement to acquire the U.S. pump business from Trillium Flow Technologies for approximately $240 million.
  • The transaction value represents a multiple of approximately 14.6x estimated 2026 adjusted EBITDA.
  • The acquired portfolio includes the brands Floway, Wemco, Roto-Jet, & WSP, which serve U.S. municipal water & wastewater markets.
  • The business possesses a large installed base supporting recurring service, repair, retrofit, & replacement demand throughout the asset lifecycle.
  • Acquired assets are expected to generate full-year revenue of approximately $115 million.
  • The deal is projected to close in the fourth quarter of 2026, subject to customary closing conditions & regulatory approvals.
  • The acquisition aims to strengthen Crane's Process Flow Technologies segment with enhanced growth & exposure to resilient water markets.