Dresser Utility Solutions Secures $335 Million Credit Facility from Blue Owl Capital

Dresser Utility Solutions, a prominent provider of global infrastructure technology for the energy transition, has secured a substantial $335 million credit facility from funds managed by Blue Owl Capital's Credit platform. This financial boost is poised to support the company's ongoing capital needs, fund strategic acquisitions, and meet general corporate purposes.

Nelson Rowe, Chief Financial Officer of Dresser Utility Solutions, expressed his enthusiasm about the new credit facility, stating, "This new credit facility enhances our financial flexibility and allows us to continue investing in our future growth. We appreciate the strong support from our lending partners and their confidence in our strategy."

Dresser Utility Solutions has a long-standing reputation for innovation in providing safe and reliable infrastructure technology to utility companies. The company specializes in delivering high-performing energy transition technologies that operate safely while reducing emissions and minimizing operational costs. Their extensive portfolio includes gas metering technology, flow assurance solutions, high-performance pressure control devices, chemical injection pumps, electric actuators, and related software and IoT technologies.

Headquartered in Houston, Texas, Dresser Utility Solutions has a significant global footprint with approximately 850 employees and a sales presence in over 100 countries. More information about the company and its offerings can be found on their website, www.dresserutility.com.

The credit facility arrangement with Blue Owl Capital is a testament to the financial community's confidence in Dresser Utility Solutions' strategic direction and growth potential. It also underscores the critical role of financial partnerships in enabling companies to advance their technological capabilities and market reach.

First Reserve, the private equity firm that owns Dresser Utility Solutions, is a global leader in investments across diversified energy, utility, and industrial end-markets. With over 40 years of industry insight, First Reserve has raised more than $34 billion of aggregate capital and executed over 750 transactions across six continents. Their extensive network and operational experience have been instrumental in supporting the growth of portfolio companies like Dresser Utility Solutions. More details about First Reserve can be accessed at www.firstreserve.com.

This development is significant not only for Dresser Utility Solutions but also for the broader energy and utility sectors. The infusion of capital will likely drive innovation, enhance operational efficiency, and contribute to the ongoing transition towards sustainable energy solutions. As the company leverages this financial flexibility, it is well-positioned to make impactful strides in reducing emissions and promoting safer, more reliable infrastructure technologies worldwide.