Banking Recap

M&A Transaction Announced for $240.0M

Crane Company (NYSE: CR) announced on September 14, 2026 that it has entered into a definitive agreement to acquire the U.S. pump business of First Reserve-backed Trillium Flow Technologies for approximately $240 million, a price representing roughly 14.6 times the business's estimated 2026 adjusted EBITDA. The acquired business includes the Floway, Wemco, Roto-Jet and WSP brands, which make pumping equipment primarily for U.S. municipal water and wastewater customers, and is expected to generate approximately $115 million of revenue in its current fiscal year.

Sep 14, 2026·SEC EDGAR (8-K)·pending regulatory·carve-out / asset acquisition

Deal value

This record is sourced from Crane's own 8-K press release (Exhibit 99.1) furnished to the SEC on September 14, 2026, which is the company's original announcement of the transaction. The filing is a standard acquisition press release and does not reference a separate definitive merger or purchase agreement filed as an exhibit, so deal mechanics beyond what is stated below are not available from this document.

The press release does not name any financial advisor to either Crane or Trillium Flow Technologies in connection with this transaction, so no advisor fields can be populated with confidence; any financial advisor relationship, if one exists, is not disclosed in the source document reviewed.

Likewise, the release does not identify legal counsel to either party. No legal advisor information can be extracted from this filing.

Crane describes the purchase price as approximately $240 million, equal to about 14.6 times the target business's estimated 2026 adjusted EBITDA, which implies the figure is being presented on an enterprise value basis. The acquired brands and installed base are expected to support recurring service, repair, retrofit and replacement revenue going forward, and the deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions including applicable regulatory approvals.

Not disclosed in this filing: any financial or legal advisors to either party, the structure of consideration (cash versus other forms), financing sources, specific closing date, any termination fee, and the identity of specific Trillium Flow Technologies personnel or board approvals related to the sale.