Trillium Flow Technologies ("Trillium"), a portfolio company of First Reserve and a leading provider of highly engineered flow control products and aftermarket services, today announced that it has entered into a definitive agreement to sell its U.S. pumps business, Trillium Pumps US ("TPU"), to Crane Company (NYSE:CR), a premier industrial manufacturing and technology company, for approximately $240 million. The transaction represents a further step in Trillium's disciplined and thoughtful approach to shaping its portfolio and positioning its businesses for long-term success.

The transaction is expected to be completed later this year, subject to customary closing conditions, including applicable regulatory approvals.

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