STAMFORD, Conn., Jan. 13,
2025 /PRNewswire/ -- Trillium Flow Technologies
("Trillium"), a portfolio company of First Reserve, and a global
designer, manufacturer, and aftermarket services provider of highly
engineered 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,
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 $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. Anchored by a strong permanent
capital base, we provide businesses with private capital solutions
to drive long-term growth and offer institutional investors,
individual investors, and insurance companies differentiated
alternative investment opportunities that aim to deliver strong
performance, risk-adjusted returns, and capital preservation.
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 $34 billion of aggregate capital
and has developed operational expertise built from over 750
transactions, including platform investments and add-on
acquisitions. For more information,
visit www.firstreserve.com.
Media Contact
Chris
Molineaux
Global Marketing and Communications Director, Trillium Flow
Technologies
media@trilliumflow.com
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SOURCE Trillium Flow Technologies
