Trillium Flow Technologies, a portfolio company of First Reserve and a global designer, manufacturer and aftermarket services provider of engineered valves and pumps used in infrastructure sectors such as nuclear power, water, wastewater and industrial processing, completed its refinancing in December 2024. The refinancing provides Trillium with extended maturity, enhanced liquidity, improved terms and increased flexibility to support further M&A activity.
“We are pleased to cap a successful 2024 with this significant milestone and to enter 2025 with strong momentum. We are excited about our new credit facility, which is led by funds managed by Blue Owl Capital Inc. (Blue Owl),” Kerem Yilmaz, chief financial officer of Trillium, said. “We would also like to thank JP Morgan and BDTMSD for their continued commitment and support of our business. This refinancing positions us well to execute our organic growth strategy, which includes investing in innovation and operational excellence to better serve our customers. We aim to remain active in M&A as a leading player in the flow control industry.”
“Trillium has a long and successful track record as a global supplier and aftermarket service provider of mission-critical valves and pumps used in a variety of industries,” Matt Tier, managing director at Blue Owl, said. “We are excited to welcome Trillium as borrower in our direct lending portfolio and look forward to supporting Doug, Kerem and the rest of the leadership team as they execute on their growth strategy for the business in the years to come.”
“I’d like to extend my deepest gratitude to our finance team, equity partner First Reserve and our lead lender, Blue Owl, for their support throughout this successful refinancing, and I especially want to recognize our employees for their exceptional performance in 2024,” Doug Kitani, CEO of Trillium, said. “This milestone reflects our collective dedication and positions Trillium for continued innovation, growth and leadership in the global flow control industry.”
