Crane to Acquire U.S. Water Pump Business for $240M, Expanding Process Flow Segment
CR sits 26% above its 52-week low of $159.58.
Summary
Crane Company announced a definitive agreement to acquire the U.S. pump business of Trillium Flow Technologies, which is backed by First Reserve, for approximately $240 million, representing about 14.6x estimated 2026 adjusted EBITDA. The acquired business generates roughly $115 million in annual revenue and includes brands such as Floway, Wemco, Roto-Jet, and WSP, serving municipal water and wastewater markets with a large installed base and recurring aftermarket demand. The deal expands Crane's Process Flow Technologies segment and is expected to close in Q4, subject to regulatory approvals. This follows Crane's record Q2 results in July, where adjusted EPS of $1.79 beat expectations on 25.6% sales growth. The acquisition adds a resilient, service-heavy revenue stream and strengthens Crane's position in highly engineered pump technologies.
At the time of this announcement, CR was trading at $201.82 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $11.7B. The 52-week trading range was $159.58 to $230.50. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.