Trillium Flow Technologies Successfully Completes Refinancing
Trillium Flow Technologies, a portfolio company of First Reserve specializing in engineered valves and pumps for critical infrastructure, has completed its refinancing in December 2024. The new credit facility, led by Blue Owl Capital Inc., provides extended maturity, enhanced liquidity, improved terms, and increased flexibility for M&A activities.
The refinancing supports Trillium's organic growth strategy, focusing on innovation and operational excellence. JP Morgan and BDTMSD continue their commitment as lending partners. The company serves important sectors including nuclear power, water, wastewater, and industrial processing, positioning itself as a leading player in the flow control industry.
Trillium Flow Technologies, una società del portafoglio di First Reserve specializzata in valvole e pompe ingegnerizzate per infrastrutture critiche, ha completato il suo rifinanziamento nel dicembre 2024. Il nuovo plafond creditizio, guidato da Blue Owl Capital Inc., offre scadenze prolungate, maggiore liquidità, condizioni migliorate e maggiore flessibilità per le attività di fusione e acquisizione.
Il rifinanziamento supporta la strategia di crescita organica di Trillium, focalizzandosi su innovazione ed eccellenza operativa. JP Morgan e BDTMSD continuano il loro impegno come partner di prestito. L'azienda serve settori importanti tra cui energia nucleare, acqua, acque reflue e lavorazione industriale, posizionandosi come un attore di primo piano nell'industria del controllo del flusso.
Trillium Flow Technologies, una empresa del portafolio de First Reserve especializada en válvulas y bombas diseñadas para infraestructuras críticas, ha completado su reestructuración financiera en diciembre de 2024. La nueva línea de crédito, liderada por Blue Owl Capital Inc., ofrece vencimientos extendidos, mayor liquidez, mejores condiciones y mayor flexibilidad para actividades de fusión y adquisición.
El reembolso apoya la estrategia de crecimiento orgánico de Trillium, centrada en la innovación y la excelencia operativa. JP Morgan y BDTMSD continúan su compromiso como socios prestamistas. La compañía atiende sectores importantes como la energía nuclear, agua, aguas residuales y procesamiento industrial, posicionándose como un actor líder en la industria del control de flujo.
Trillium Flow Technologies는 비판적 인프라를 위한 엔지니어링 밸브 및 펌프를 전문으로 하는 First Reserve의 포트폴리오 회사로, 2024년 12월에 재정 지원을 완료했습니다. Blue Owl Capital Inc.가 주도하는 새로운 신용 시설은 만기를 연장하고, 유동성을 강화하며, 조건을 개선하고, 인수 합병 활동에 대한 유연성을 증가시킵니다.
이 재정 지원은 Trillium의 유기적 성장 전략을 지원하며, 혁신과 운영 우수성에 중점을 둡니다. JP Morgan과 BDTMSD는 대출 파트너로서의 헌신을 계속하고 있습니다. 이 회사는 원자력, 물, 폐수 및 산업 가공 등 중요한 분야를 서비스하며, 유량 제어 산업의 주요 플레이어로 자리 잡고 있습니다.
Trillium Flow Technologies, une société du portefeuille de First Reserve spécialisée dans les vannes et pompes conçues pour les infrastructures critiques, a achevé son refinancement en décembre 2024. La nouvelle facilité de crédit, dirigée par Blue Owl Capital Inc., offre une échéance prolongée, une liquidité accrue, des conditions améliorées et une flexibilité accrue pour les activités de fusions et acquisitions.
Le refinancement soutient la stratégie de croissance organique de Trillium, axée sur l'innovation et l'excellence opérationnelle. JP Morgan et BDTMSD poursuivent leur engagement en tant que partenaires de prêt. L'entreprise dessert des secteurs importants, notamment l'énergie nucléaire, l'eau, les eaux usées et le traitement industriel, se positionnant comme un acteur majeur dans l'industrie du contrôle des flux.
Trillium Flow Technologies, ein Portfolio-Unternehmen von First Reserve, das auf technische Ventile und Pumpen für kritische Infrastrukturen spezialisiert ist, hat im Dezember 2024 eine Refinanzierung abgeschlossen. Die neue Kreditfazilität, die von Blue Owl Capital Inc. geleitet wird, bietet eine verlängerte Laufzeit, verbesserte Liquidität, bessere Konditionen und erhöhte Flexibilität für Fusionen und Übernahmen.
Die Refinanzierung unterstützt die organische Wachstumsstrategie von Trillium, die sich auf Innovation und betriebliche Exzellenz konzentriert. JP Morgan und BDTMSD setzen ihr Engagement als Kreditpartner fort. Das Unternehmen bedient wichtige Sektoren wie Kernenergie, Wasser, Abwasser und industrielle Verarbeitung und positioniert sich als ein führender Akteur in der Flusskontrollbranche.
- Successfully completed refinancing with improved terms and enhanced liquidity
- Secured extended maturity and increased flexibility for M&A activities
- Maintained support from existing lenders (JP Morgan and BDTMSD)
- Reported successful performance in 2024
- None.
Insights
The refinancing deal marks a strategic win for both Blue Owl Capital and Trillium Flow Technologies. The new credit facility strengthens Trillium's financial position by extending debt maturities and improving liquidity terms, while simultaneously expanding Blue Owl's direct lending portfolio in the industrial sector. Blue Owl's involvement as lead lender demonstrates their growing presence in private credit markets, particularly in financing middle-market industrial companies.
The refinancing's enhanced M&A flexibility suggests Trillium is positioning for strategic acquisitions in the flow control industry, which could drive consolidation in this fragmented market. For OWL shareholders, this deal represents additional assets under management (AUM) growth and recurring fee income. The partnership with an established industrial player backed by First Reserve, a respected private equity firm, adds credibility to Blue Owl's direct lending platform.
The timing of this refinancing is particularly advantageous given the current high-interest rate environment, indicating favorable terms were likely secured. This deal exemplifies Blue Owl's strategy of providing flexible financing solutions to middle-market companies while generating attractive risk-adjusted returns for their investors.
The flow control industry presents significant opportunities due to increasing infrastructure investments and the critical nature of water and power systems. Trillium's positioning in nuclear power infrastructure is particularly noteworthy as global nuclear energy initiatives expand. The refinancing enhances their ability to capitalize on these market trends through both organic growth and strategic acquisitions.
For OWL, this transaction aligns with their direct lending strategy of focusing on businesses with strong market positions and recurring revenue streams. Trillium's diverse end-market exposure across nuclear, water and industrial processing provides natural hedging against sector-specific downturns. The deal structure suggests Blue Owl maintains a disciplined approach to credit quality while pursuing AUM growth.
The refinancing provides Trillium with extended maturity, enhanced liquidity, improved terms, and increased flexibility to support further M&A activity.
Kerem Yilmaz, Chief Financial Officer of Trillium, commented: "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"). 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."
Matt Tier, Managing Director at Blue Owl, said: "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. 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."
Doug Kitani, Chief Executive Officer of Trillium, said: "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. This milestone reflects our collective dedication 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 highly engineered valves, pumps, and related products. Serving customers in critical infrastructure industries, Trillium is committed to delivering innovative solutions that enhance reliability, safety, and efficiency.
For more information, visit: www.trilliumflow.com.
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With
Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.
About First Reserve:
First Reserve is a leading global private equity firm investing across diversified energy, utility, and industrial end-markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of global relationships. The firm has raised over
Media Contact
Chris Molineaux
Global Marketing and Communications Director, Trillium Flow Technologies
media@trilliumflow.com
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SOURCE Trillium Flow Technologies
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