KPS Capital Partners Acquires Howden from Colfax Corporation

Chart Industries Acquires Howden for $4.4 Billion

November 9, 2022

Manufacturing

Chart Industries has agreed to acquire Howden from affiliates of KPS Capital Partners, LP for $4.4 billion, creating a combined business with estimated pro forma revenue of approximately $3.4 billion. The deal expands Chart's engineered equipment and process-technology portfolio into air and gas handling, strengthens aftermarket service exposure, and targets substantial cost and commercial synergies; the transaction closed on March 17, 2023.

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.

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.

Helmerich & Payne Acquires KCA Deutag for $1.9725 Billion

July 25, 2024

Oil & Gas

Helmerich & Payne (H&P) has entered a definitive agreement to acquire KCA Deutag International Limited for $1.9725 billion in cash, a transaction expected to close before the end of 2024 subject to customary conditions. The deal materially expands H&P's international footprint—notably increasing its Middle East rig count from 12 to 88—adds offshore management contracts and manufacturing capabilities, and is expected to be immediately accretive to cash flow per share.

Howden Group Acquires TigerRisk Partners from Flexpoint Ford

June 9, 2022

Insurance

Howden Group has agreed to acquire TigerRisk Partners, a risk, capital and strategic advisory firm to the global insurance and reinsurance markets, from private equity owner Flexpoint Ford. The deal expands Howden's reinsurance and capital markets capabilities and scales its global offering; the transaction remains subject to customary regulatory approvals.