Global Risk Capital Divests Velan’s Asbestos Liabilities; Framatome to Buy Velan’s French Subsidiaries

Trillium Flow Technologies Sells French Valves Operations to Framatome

June 2, 2026

Industrial Services

Trillium Flow Technologies, backed by First Reserve, announced the sale of its French valves operations to Framatome. The divestiture is intended to further optimize Trillium’s portfolio and increase focus on its global pumps and broader flow-control businesses.

Veolia Acquires Multiple Hazardous Waste Firms to Expand Global Treatment Capacity

June 26, 2025

Environmental Services

Veolia (via its Veolia North America unit) announced the acquisition of three U.S. hazardous-waste companies—New England Disposal Technologies, New England MedWaste and Ingenium—alongside additional tuck-ins in Japan (Zeeklite Co. LTD) and Brazil (Alagoas Ambiental). The deals form part of a broader GreenUp strategy to add 530,000 tonnes of hazardous waste treatment capacity by 2030 (100,000 tonnes already in operation) and represent roughly €300 million of targeted acquisitions to expand regional coverage and technical capabilities.

Ardian-led Consortium Acquires Vulcain Engineering (LBO)

December 22, 2023

Engineering Services

Ardian is leading a consortium including Tikehau Capital, EMZ, Bpifrance, Amundi and the Fonds France Nucléaire (managed by Siparex) in a leveraged buyout of Vulcain Engineering. The transaction effects the exit of existing shareholders Equistone Partners Europe and Sagard while co-CEOs Frédéric Grard and Alban Guilloteau and more than 350 employee-shareholders strengthen their positions. The new financing will provide resources to accelerate Vulcain's international expansion, digitisation of engineering processes and continued external growth via acquisitions.

Flowserve Corporation Acquires Velan Inc. for Approximately $245M

February 10, 2023

Manufacturing

Flowserve Corporation agreed to acquire Velan Inc. in an all-cash transaction valued at approximately $245 million (C$329 million), including assumption of outstanding debt. The acquisition adds Velan's engineered industrial valve products, aftermarket opportunities and technical expertise—particularly in nuclear, cryogenic and defense markets—to Flowserve's Flow Control Division and is expected to deliver cost synergies and be accretive to adjusted EPS in the first full year after close.

Nautic Partners Acquires Vallen North America from Sonepar Group

February 24, 2022

Industrial Services

Nautic Partners has signed a definitive agreement to acquire Vallen Distribution (Vallen North America) from the Sonepar Group, with participation from Vallen management. The transaction is a carveout intended to transition Vallen to a standalone business and support management's growth plan and operational acceleration.

Eric Vallée and Management, Backed by Sofival, Acquire SET Environnement Group from Abenex and Galiéna Capital

February 14, 2019

Environmental Services

Eric Vallée and his management team, supported by family investment group Sofival, have acquired SET Environnement Group in a secondary leveraged buyout from private equity investors Abenex and Galiéna Capital. Founded in 1986 and headquartered in the Lyon region, SET Environnement specialises in asbestos removal and remediation services for tertiary and industrial sites, with ~€24M revenue and about 160 employees.