Weir Flow Control wordt Trillium Flow Technologies na verkoopvoltooiing met First Reserve
Alle producten en diensten blijven ongewijzigd na de verkoop
HOUSTON–(BUSINESS WIRE)–Trillium Flow Technologies (“Trillium”), voorheen Weir Flow Control (“WFC”), kondigde vandaag de afronding aan van zijn verkoop van The Weir Group PLC (“Weir”) aan First Reserve, een vooraanstaand wereldwijd investeringsvennootschap met een private equity, exclusief gericht op energie. De verkoop aan First Reserve werd aangekondigd in februari 2019.
Trillium Flow Technologies zal bestaan uit dezelfde 15 gevestigde wereldwijde pomp- en klepmerken voor de energievoorziening, de sectoren olie en gas, water- en afvalwater, mijnbouw en industrie. Deze omvatten: Sarasin-RSBD™, Blakeborough®, Atwood & Morrill®, Hopkinsons®, SEBIM™, BDK™, Batley Valve®, AutoTork™ en Tricentric® voor kleppen, en Gabbionetta™, WSP™, WEMCO®, Roto- Jet®, Floway® en Beggeman® voor pompen.
Weir Flow Control Becomes Trillium Flow Technologies Following Sale Completion to First Reserve
All product and services will remain unchanged following sale
Trillium Flow Technologies will consist of the same 15 established global pump and valve brands servicing the power generation, oil and gas, water and wastewater, mining, and industrial sectors. These include: Sarasin-RSBD™, Blakeborough®, Atwood & Morrill®, Hopkinsons®, SEBIM™, BDK™, Batley Valve®, AutoTork™, and Tricentric® for valves, and Gabbionetta™, WSP™, WEMCO®, Roto-Jet®, Floway®, and Begeman® for pumps. Trillium focuses on every stage of the process including design, installation, and operation utilizing its global footprint and supply chain, aftermarket parts and service, and seeks to provide unmatched responsiveness to demanding schedules.
Weir Flow Control’s prior acting president, David Paradis, will continue to lead Trillium and his prior management team in his new role as president and chief executive officer.
Final details of the sale were not made available.
About Trillium Flow Technologies
Trillium Flow Technologies, formerly Weir Flow Control, is a global designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications. Its portfolio of 15 established brands serves customers in the power generation, oil and gas, water and wastewater, mining, and industrial sectors. More information can be found at www.trilliumflow.com.
About First Reserve
First Reserve is a leading global private equity investment firm exclusively focused on energy. With over 35 years of industry insight, investment expertise and operational excellence, the Firm has cultivated an enduring network of global relationships and raised approximately USD $32 billion of aggregate capital since inception. First Reserve has completed over 650 transactions (including platform investments and add-on acquisitions), creating several notable energy companies throughout the Firm’s history. Its portfolio companies have operated on six continents, spanning the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services, and associated infrastructure. Please visit www.firstreserve.com for further information.
Contacts
For media inquiries regarding Trillium, please contact:
Kevin Courser
Galtway Marketing
844.425.8929
kcourser@galtwaymarketing.com
For media inquiries regarding First Reserve, please contact:
Jonathan Keehner / Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
joakes@joelefrank.com
Source: Trillium Flow Technologies
