Flowserve Completes Divestiture of BW/IP to Acorn Investment Partners

Reuters12-12

Flowserve Completes Divestiture of BW/IP to Acorn Investment Partners

Flowserve Corporation has completed the divestiture of its wholly owned subsidiary BW/IP - New Mexico, Inc., which held asbestos liabilities and related insurance assets, to an affiliate of Acorn Investment Partners, a portfolio company of funds managed by Oaktree Capital Management L.P. Flowserve contributed insurance assets and $199 million in cash to BW/IP as part of the transaction. Following this move, Flowserve has no further financial exposure to the transferred liabilities, which will now be managed and administered by Acorn, with Flowserve fully indemnified. The company expects to record a one-time loss of approximately $140 million in the fourth quarter of 2025, including certain transaction-related costs, which will be excluded from adjusted earnings per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flowserve Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251211068053) on December 11, 2025, and is solely responsible for the information contained therein.

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