Chart Industries Acquires Howden for $4.4 Billion

KPS Capital Partners Acquires Howden from Colfax Corporation

May 16, 2019

Manufacturing

KPS Capital Partners has signed a definitive agreement to acquire Howden from Colfax Corporation for an enterprise value of $1.80 billion (approximately $1.66 billion cash plus $0.14 billion in assumed liabilities and minority interest). Howden, headquartered in Glasgow, United Kingdom, is a global manufacturer and service provider of mission-critical air and gas handling equipment with more than 5,300 employees and a presence in 32 countries. KPS said it will support Howden's transformation and growth through investments in R&D, technology and strategic acquisitions.

Howden Group Acquires Spencer Turbine

October 5, 2021

Manufacturing

Howden Group has acquired The Spencer Turbine Company, a Windsor, Connecticut-based manufacturer of vacuum systems, gas pressure boosters and industrial blowers. The acquisition expands Howden’s product capabilities in industrial and wastewater treatment markets and provides Spencer Turbine access to Howden’s global distribution network to accelerate growth in North America, China, South America and Europe.

Howden Acquires Compressor Products International (CPI)

December 22, 2021

Manufacturing

Howden has completed its acquisition of Compressor Products International (CPI), a Houston-based provider of aftermarket components and services for reciprocating compressors. The deal expands Howden's global aftermarket capabilities and service coverage across North America and Europe and adds complementary valve and aftermarket product technology to its compressor portfolio.

Howden Acquires A-Plan Group from Hg

September 23, 2020

Insurance

Howden has agreed to acquire A-Plan Group, one of the UK's largest personal and commercial lines insurance brokers, from private equity firm Hg, subject to regulatory approval. The deal brings together Howden's specialty and reinsurance capabilities with A-Plan's retail distribution and data-driven personal/commercial lines expertise, creating a larger UK broking platform and expanding Howden's UK retail presence.

Chart Industries Invests $25M for 5% Stake in Transform Materials

March 31, 2021

Energy

Chart Industries completed a $25 million minority investment to acquire a 5% equity stake in Transform Materials and signed a commercial Memorandum of Understanding to supply equipment for Transform projects. The investment gives Chart access to Transform's microwave-plasma process for producing hydrogen and acetylene, expanding Chart's clean-hydrogen equipment and service offerings and supporting planned plant builds in North America and Europe.

Gallagher Industrial Products Acquires Charts Ltd

February 14, 2023

Manufacturing

Gallagher Fluid Handling, a subsidiary of Gallagher Industrial Products, completed the acquisition of Charts, Ltd., a Midland, Texas manufacturer of gas measurement devices, on January 1, 2023. The deal adds American-made gas measurement and chart recording capabilities and a flagship facility in the Permian Basin to Gallagher's industrial product portfolio to support growth in the oil & gas market.