First Reserve backs French valves operations
The divestiture narrows Trillium Flow Technologies around global pumps and broader flow control while moving the France-based unit to a nuclear energy owner.
First Reserve-backed Trillium Flow Technologies divested its France-based valves operations, a supplier of specialized valve and flow-control products for nuclear power generation, to Framatome.
The business has a long-standing presence in France and serves nuclear power generation assets and critical nuclear applications with engineered valve technology.
Trillium designs, manufactures and services engineered valves and pumps for nuclear, water, power, processing, minerals and general industrial markets, and the sale narrows its focus around global pumps and broader flow-control businesses.
"Today's announcement reflects the strength, quality, and long-term value of Trillium's businesses," said Jeff Quake, Managing Partner at First Reserve.
Terms were not disclosed; J.P. Morgan Securities LLC served as financial advisor to Trillium Flow Technologies and First Reserve, and Freshfields served as legal advisor.