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

Flowserve Corporation Acquires Velan Inc. for Approximately $245M

February 10, 2023

Manufacturing

Flowserve Corporation agreed to acquire Velan Inc. in an all-cash transaction valued at approximately $245 million (C$329 million), including assumption of outstanding debt. The acquisition adds Velan's engineered industrial valve products, aftermarket opportunities and technical expertise—particularly in nuclear, cryogenic and defense markets—to Flowserve's Flow Control Division and is expected to deliver cost synergies and be accretive to adjusted EPS in the first full year after close.

Flowserve Acquires Greenray Turbine Solutions

December 16, 2025

Industrial Services

Flowserve Corporation has acquired U.K.-based Greenray Turbine Solutions Limited for approximately $72 million in cash. The purchase expands Flowserve's aftermarket capabilities and durable revenue base in industrial gas turbines and is expected to add roughly $25 million of annual revenue.

ITT Acquires SPX FLOW for $4.775 Billion

December 7, 2025

Industrial Services

ITT reached a definitive agreement to acquire SPX FLOW for approximately $4.775 billion in cash and equity. The deal expands ITT’s Industrial Process segment position in engineered components and flow technologies and is expected to close by the end of Q1 2026.

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.

Flow Control Management Acquires Aquatrol Inc.

May 1, 2025

Manufacturing

Flow Control Management (FCM), a holding company sponsored by The Edgewater Funds, has acquired Aquatrol Inc., a U.S. manufacturer of safety and pressure relief valves headquartered in Elburn, Illinois. The add-on expands FCM's valve product offering and capabilities in safety and pressure relief valves to support its flow-control platform.

Severn Group Acquires ValvTechnologies

November 6, 2021

Manufacturing

Severn Group has acquired ValvTechnologies, a Houston-based leader in metal-seated, zero-leakage isolation valves, expanding the group's severe-service valve capabilities and aftermarket services. The deal was funded by private equity firm Bluewater (which invested in Severn Group in 2019) and is intended to broaden Severn's international presence and end-market coverage while ValvTechnologies retains operational independence.