Flowserve Corporation Acquires Velan Inc. for Approximately $245M

Flowserve to Acquire Trillium Flow Technologies Valves Division for $490 Million

February 12, 2026

Industrial Services

Flowserve has signed a definitive agreement to acquire Trillium Flow Technologies’ Valves Division (TVD) for $490 million in cash. The acquisition is expected to close in mid-year 2026 and is intended to accelerate Flowserve’s power end-market growth and expand its nuclear and traditional power generation presence.

Global Risk Capital Divests Velan’s Asbestos Liabilities; Framatome to Buy Velan’s French Subsidiaries

January 14, 2025

Industrial Services

Velan Inc. entered into a definitive agreement with an affiliate of Global Risk Capital to permanently divest its asbestos-related liabilities by selling Velan Valve Corp. Global Risk Capital will capitalize the U.S. subsidiary with US$143 million (plus US$7 million from the Buyer), removing asbestos liabilities from Velan’s balance sheet. Separately, Velan Valves Limited signed an MoU to sell its French subsidiaries (Segault SAS and Velan S.A.S.) to Framatome SAS for US$175.2 million (€170 million), with total consideration to Velan of US$198.4 million (€192.5 million) including transfer of an intercompany loan; definitive agreement is subject to shareholder approval.

Curtiss-Wright Corporation Acquires Dyna-Flo Control Valve Services Ltd.

February 27, 2020

Manufacturing

Curtiss-Wright Corporation agreed to acquire Dyna-Flo Control Valve Services Ltd. for CAD$81 million (approximately US$62 million) in cash. Dyna-Flo, a Calgary-area (Edmonton) manufacturer of control and isolation valves and actuators with approx. 120 employees and expected 2020 sales of CAD$33 million, will be integrated into Curtiss-Wright’s Commercial/Industrial segment to expand its industrial valve portfolio and global sales reach.

Flowserve Acquires MOGAS Industries

August 13, 2024

Manufacturing

Flowserve Corporation agreed to acquire Houston-based MOGAS Industries for $290 million upfront plus up to a $15 million earnout (approximately $305 million including earnout), strengthening Flowserve’s severe-service valve portfolio and aftermarket capabilities. The deal, expected to close in 4Q 2024 (now completed per later release), roughly doubles Flowserve’s direct mining and mineral-extraction exposure and will integrate MOGAS into Flowserve’s Flow Control Division.

Graybar Acquires Valin Corporation

May 1, 2023

Industrial Services

Graybar has entered into an agreement to acquire Valin Corporation, a San Jose–based distributor of automation, filtration, fluid handling, heating and process control products and systems that operates 12 locations across the western and southwestern United States. Valin will continue to operate under its existing name and leadership team as a Graybar subsidiary; the transaction was expected to close May 1, 2023.

Crane Company Acquires Vian Enterprises, Inc.

January 3, 2024

Aerospace & Defense

Crane Company has acquired Vian Enterprises, Inc. for approximately $103 million on a cash-free, debt-free basis. Vian, a designer and manufacturer of multi-stage lubrication pumps and lubrication system components for aerospace and defense, reported trailing 12-month sales of about $33 million and adjusted EBITDA of approximately $8 million; Crane said the acquisition expands its Aerospace & Electronics fluid solution capabilities and is expected to be immediately accretive to segment margins.