STAMFORD, Conn., Jan. 13, 2025 /PRNewswire/ – Trillium Flow Technologies (“Trillium”), a portfolio company of First Reserve and a global designer, manufacturer and provider of aftermarket services for advanced valves and pumps used in critical infrastructure sectors such as Nuclear power, water, wastewater and industrial processing is pleased to announce the successful completion of its refinancing in December 2024.
The refinancing provides Trillium with extended maturity, increased liquidity, improved terms and flexibility to support further M&A activity.
Kerem Yilmaz, Chief Financial Officer of Trillium, commented: “We are pleased to conclude the successful year 2024 with this important milestone and to start 2025 with great momentum. We are excited about our new credit facility led by funds managed by Blue Owl Capital Inc. We would also like to thank JP Morgan and BDTMSD for their continued commitment and support to our company. With this refinancing, we are well positioned to execute on our organic growth strategy, which includes investing in innovation and operational excellence to better serve our customers. It is our goal to remain active in mergers and acquisitions as a leading player in the flow control industry.”
Matt Tier, Managing Director at Blue Owl, said: “Trillium has a long and successful history as a global supplier and aftermarket service provider of mission-critical valves and pumps used in a variety of industries. We are pleased to welcome Trillium as a borrower to our direct lending portfolio and look forward to supporting Doug, Kerem and the rest of the leadership team as they execute their growth strategy for the company in the coming years.”
Doug Kitani, Chief Executive Officer of Trillium, said: “I would like to express my deepest gratitude to our finance team, equity partner First Reserve and our lead lender Blue Owl for their support in this successful refinancing. I would like to particularly recognize our employees for their exceptional performance in 2024. This milestone reflects our collective commitment and positions Trillium for continued innovation, growth and leadership in the global flow control industry.”
About Trillium Flow Technologies Trillium Flow Technologies is a global designer, manufacturer and aftermarket services provider specializing in advanced valves, pumps and related products. As a service provider to customers in critical infrastructure industries, Trillium is committed to delivering innovative solutions that improve reliability, safety and efficiency.
Further information can be found at: www.trilliumflow.com.
Information about Blue Owl Blue Owl (NYSE: OWL) is a leading asset manager redefining alternative assets.
With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital and Real Estate. Backed by a strong permanent capital base, we provide companies with private capital solutions to drive long-term growth and offer institutional investors, retail investors and insurance companies differentiated alternative investment opportunities aimed at strong performance, risk-adjusted returns and capital preservation.
Together with over 1,050 experienced professionals, Blue Owl has the vision and discipline to create extraordinary things. For more information, see www.blueowl.com.
Information about First Reserve: First Reserve is a leading global private equity firm investing in diversified energy, utilities and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry expertise and has built a sophisticated network of global relationships. The company has raised a total of more than $34 billion in capital and has operational expertise from over 750 transactions, including platform investments and add-on acquisitions. For more information, see www.firstreserve.com.