Baker Hughes Acquires Chart Industries

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.

Chart Industries Acquires Howden from KPS Capital Partners

November 9, 2022

Industrial Services

Chart Industries, Inc. signed a definitive agreement to acquire Howden from affiliates of KPS Capital Partners, LP for $4.4 billion, funded via cash and newly created preferred stock. The deal was expected to close in the first half of 2023, and KPS later announced completion of the sale.

Chart Industries Acquires Fronti Fabrications

May 31, 2022

Manufacturing

Chart Industries, Inc. completed the acquisition of Fronti Fabrications, Inc. for $20 million. The purchase adds Fronti’s Allentown, Pennsylvania cryogenic fabrication capabilities to Chart’s operations, increasing Chart’s under-roof cold box fabrication capacity by roughly 25% and improving delivery lead-times for LNG, hydrogen and helium liquefaction projects.

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.

Chart Industries Acquires BlueInGreen, LLC

November 3, 2020

Environmental Services

Chart Industries (NASDAQ: GTLS) completed the acquisition of BlueInGreen, LLC, a water cleantech company specializing in dissolved-gas solutions for water treatment, for $20 million in cash plus a potential earn-out. The purchase expands Chart’s water-treatment and service capabilities by combining Chart’s cryogenic and gas delivery equipment with BlueInGreen’s gas-dissolution technology and TaaS/service offerings to serve municipal and industrial end markets.

Chart Industries Acquires Worthington Industries' Cryogenic and Hydrogen Trailer Business

October 13, 2020

Manufacturing

Chart Industries completed the acquisition of Worthington Industries' cryogenic trailer and hydrogen trailer transport assets, including the Theodore, Alabama manufacturing site, related IP, equipment and repair backlog. The facility (approximately 300,000 sq ft) and its employees will join Chart as the company expands its mobile cryogenics and hydrogen transport capabilities, with expected hydrogen-related revenue from the site of $15–20 million in 2021 (with upside).