#USA #Stamford #Blue Owl #First Reserve #Trillium Flow Technologies

Trillium Flow Technologies Successfully Completes Refinancing

Trillium Flow Technologies, known globally for its advanced valve and pump solutions, has successfully finalized its refinancing operations as of December 2024. This notable achievement not only marks a significant milestone for the organization but also places them in a stronger position for future growth.

The Stamford, Connecticut-based company, which operates under the auspices of First Reserve, specializes in the design, manufacturing, and aftermarket services of high-tech valves and pumps. These products play a crucial role in various industries, especially critical infrastructure segments like nuclear energy, wastewater treatment, and industrial processing.

The refinancing allows Trillium to benefit from a longer repayment timeline, enhanced liquidity, improved financial terms, and increased flexibility to pursue future merger and acquisition opportunities.

Kerem Yilmaz, Chief Financial Officer at Trillium, expressed his enthusiasm for this strategic step, indicating that it crowns a successful year for the company. He highlighted the importance of their new credit facility, primarily driven by funds managed by Blue Owl Capital Inc. He also acknowledged the continuing support from JP Morgan and BDTMSD which has been vital to the company’s operations.

“This refinancing strategically positions us to implement our organic growth strategy effectively. It emphasizes our commitment to innovation and operational excellence, crucial for delivering value to our clients and maintaining our competitive edge in the flow control industry,” Yilmaz remarked.

Adding to this sentiment, Matt Tier, CEO of Blue Owl, praised Trillium’s extensive experience in the global markets and their exceptional service record. “Welcoming Trillium into our direct lending portfolio is thrilling, and we are eager to assist Doug, Kerem, and their management team in delivering their growth strategies moving forward,” Tier stated.

Doug Kitani, CEO of Trillium, expressed gratitude towards their financial team, First Reserve, and Blue Owl for their ongoing support during the refinancing. He emphasized the collective effort of the team which ultimately facilitated this successful transition, noting that it positions Trillium for innovation, growth, and leadership within the global flow control sector.

Trillium has established itself as a key player by serving clients in essential infrastructure sectors, diligently providing innovative solutions aimed at enhancing reliability, safety, and efficiency. As the company moves towards this new chapter post-refinancing, it remains committed to maintaining its market-leading position and pursuing strategic partnerships and acquisitions that align with its growth objectives.

For more insight on their services and offerings, visit Trillium Flow Technologies.

As a premier asset management firm, Blue Owl, managing assets worth over $235 billion as of September 30, 2024, is on a mission to redefine alternative investments, ensuring solid returns and capital preservation for its investors. Together with First Reserve, a leading global private equity firm specializing in energy, utilities, and industrial markets since 1983, Trillium is set up for exciting prospects in the years ahead.