Crane Acquires Trillium Pumps for $240 Million

Crane Company is bolstering its position in the critical water and wastewater infrastructure sector with a definitive agreement to acquire Trillium Pumps US for approximately $240 million. This strategic move, anticipated to finalize by the fourth quarter of 2026, significantly enhances Crane's capabilities in specialized, high-engineered pumping solutions.

The acquisition brings aboard a business with a rich operational heritage, spanning over two centuries across its four established brands: Floway, Wemco, WSP, and Roto-Jet. These brands are recognized for their contributions to municipal water and wastewater management, a market segment demonstrating consistent resilience and long-term growth potential, driven by aging infrastructure and increasing regulatory demands.

Operating from an expansive 130,000-square-foot facility in Fresno, California, Trillium Pumps US, under the leadership of President Bryan Voytilla, offers a diverse range of products. Their portfolio includes vertical turbine pumps for deep well applications, recessed-impeller and screw pumps designed for sewage and sludge handling, self-priming trash pumps, and high-pressure pitot tube pumps for industrial uses. Beyond manufacturing, the company provides comprehensive services such as installation, repair, system retrofits, and field maintenance, creating a robust aftermarket revenue stream.

The transaction values Trillium Pumps US at an estimated 14.6 times its projected 2026 adjusted EBITDA of roughly $16.4 million. This multiple also translates to 2.1 times its anticipated 2026 revenue, which is projected to reach approximately $115 million. Crane CEO Alex Alcala highlighted the acquisition's alignment with the company's strategy to deepen its expertise in advanced pump technologies and expand its footprint in the essential water and wastewater markets.

This strategic integration will bolster Crane's existing Process Flow Technologies segment, which already includes Crane Pumps & Systems. The addition of Trillium's established customer base and installed equipment is expected to generate substantial recurring revenue from aftermarket services and replacement parts, a key driver for predictable earnings growth in industrial manufacturing.

The sellers in this transaction are Trillium Flow Technologies and private equity firm First Reserve. First Reserve, a prominent energy and infrastructure investor, manages over $35 billion in capital, underscoring the significant scale and strategic importance of this divestiture. J.P. Morgan Securities provided advisory services for the transaction. Crane Company, a diversified manufacturer with $2.3 billion in 2025 revenue, continues its strategic acquisition path to strengthen its market leadership.