Chart Industries Acquires Howden from KPS Capital Partners

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.

Baker Hughes Acquires Chart Industries for $13.6 Billion

July 31, 2025

Industrial Services

Baker Hughes announced a definitive, all-cash agreement to acquire Chart Industries in a $13.6 billion transaction valued at $210 per share. The deal is expected to accelerate Baker Hughes’ Industrial & Energy Technology strategy, expand capabilities in LNG, hydrogen, and carbon capture/cryogenic processing, and deliver annualized cost savings of about $325 million by the end of the third year post-close.

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.

KPS Capital Partners Acquires INEOS Composites from INEOS Enterprises

December 3, 2024

Manufacturing

KPS Capital Partners, through a newly formed affiliate, signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated ~€1.7 billion. The deal was expected to close in the first half of 2025, and later sources confirm the acquisition closed and the company was renamed Alta Performance Materials.

Howden Maintenance Partners Acquires Assets of Turbine Europe

March 28, 2022

Industrial Services

Howden subsidiary Maintenance Partners (a KPS-backed portfolio company) acquired the assets of Turbine Europe to expand its turbomachinery service offering. The transaction is an add-on to Maintenance Partners’ platform to add new turbine-related services.