Trillium Flow Technologies Sells French Valves Operations to Framatome

Crane Company to Acquire Trillium Pumps US

September 14, 2026

Manufacturing

Crane Company agreed to acquire Trillium Pumps US, the U.S. pump business of Trillium Flow Technologies, for approximately $240 million. The business’s Floway, Wemco, Roto-Jet and WSP brands serve municipal water and wastewater markets and include a large installed base that supports recurring aftermarket demand; the transaction remains subject to customary closing conditions and regulatory approvals.

Flowserve Acquires Trillium Valves Division for $490 Million

February 12, 2026

Industrial Services

Flowserve has signed a definitive agreement to acquire Trillium Flow Technologies’ Valves Division (TVD) for $490 million in cash, with closing expected mid-year 2026. The deal strengthens Flowserve’s position in nuclear and traditional power generation by adding a highly engineered valve and actuation portfolio and a large global installed base that supports recurring aftermarket demand.

Flow Control Management Acquires Aquatrol Inc.

May 1, 2025

Manufacturing

Flow Control Management (FCM), a holding company sponsored by The Edgewater Funds, has acquired Aquatrol Inc., a U.S. manufacturer of safety and pressure relief valves headquartered in Elburn, Illinois. The add-on expands FCM's valve product offering and capabilities in safety and pressure relief valves to support its flow-control platform.

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

January 14, 2025

Industrial Services

Velan Inc. entered into a definitive agreement with an affiliate of Global Risk Capital to permanently divest its asbestos-related liabilities by selling Velan Valve Corp. Global Risk Capital will capitalize the U.S. subsidiary with US$143 million (plus US$7 million from the Buyer), removing asbestos liabilities from Velan’s balance sheet. Separately, Velan Valves Limited signed an MoU to sell its French subsidiaries (Segault SAS and Velan S.A.S.) to Framatome SAS for US$175.2 million (€170 million), with total consideration to Velan of US$198.4 million (€192.5 million) including transfer of an intercompany loan; definitive agreement is subject to shareholder approval.

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.

J.F. Lehman & Company Makes Growth Investment in Trillium Engineering

March 31, 2021

Aerospace & Defense

J.F. Lehman & Company’s investment affiliate has made a substantial growth investment in Trillium Engineering, a Hood River, Oregon-based designer and manufacturer of camera gimbals for unmanned aerial systems. Trillium’s founders and employees remain material shareholders and will continue to lead the company as JFLCO supports the firm’s technical and commercial expansion into defense and international UAS markets.