Last updateFri, 14 Aug 2020 6pm

Valve Manufacturing

First Reserve Eyeing SPX Unit to Combine with Trillium

People with inside knowledge of the situation tell Bloomberg that First Reserve and Apollo Global Management LLC are “among the private equity firms interested in the power and energy business being sold by SPX Flow Inc.”

The price tag “is expected to be valued at about $700 million, said the people, who asked not to be identified because they weren’t authorized to speak publicly. First Reserve could combine the SPX unit with its Trillium Flow Technologies, one of the people said.”

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