Flowserve Corp. (FLS) on Thursday said it has agreed to acquire Trillium Flow Technologies' Valves Division for $490 million in cash, in a move aimed at expanding its presence across nuclear, power generation and industrial markets.
The transaction, which is expected to close in mid-2026, will add a portfolio of highly engineered mission-critical valves used in nuclear and traditional power generation as well as other critical infrastructure applications.
The division generates about $200 million in annual revenue and operates with adjusted EBITDA margins in the high teens. The purchase price represents a multiple of roughly 12.3x expected 2025 adjusted EBITDA, excluding anticipated synergies.
The company expects the deal to be accretive to adjusted operating income in 2026, excluding synergies, and anticipates margin expansion over time through application of its Flowserve Business System.
Flowserve plans to fund the acquisition through a combination of cash on hand and additional debt. The transaction remains subject to customary closing conditions and regulatory approvals.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.