M&A Deal Summary

Chart Industries Acquires BlueInGreen

On November 3, 2020, Chart Industries acquired environmental company BlueInGreen for 26M USD

Acquisition Highlights
  • This is Chart Industries’ 1st transaction in the Environmental sector.
  • This is Chart Industries’ 4th largest (disclosed) transaction.
  • This is Chart Industries’ 10th transaction in the United States.
  • This is Chart Industries’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2020-11-03
Target BlueInGreen
Sector Environmental
Buyer(s) Chart Industries
Deal Type Add-on Acquisition
Deal Value 26M USD
Advisor(s) Boenning & Scattergood, Inc. (Financial)
SmithHurst, PLC (Legal)

Target

BlueInGreen

Fayetteville, Arkansas, United States
website
BlueInGreen LLC is a water cleantech company and gas-dissolution expert that provides the most efficient method of dissolving gases in water. BIG solutions empower water treatment professionals to make a difference by making water treatment processes more efficient, more effective, safer, and more environmentally sound.

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Buyer(S) 1

Buyer

Chart Industries

Ball Ground, Georgia, United States

website

Category Company
Founded 1859
Sector Machinery
Employees4,771
Revenue 1.3B USD (2021)
DESCRIPTION
Chart Industries' corporate headquarters in Garfield Heights, Ohio.
Chart Industries' corporate headquarters in Garfield Heights, Ohio.

Chart Industries is a provider of cryogenic equipment used in industrial gas, hydrocarbon, and medical applications. Chart Industries was formed in 1992 and is based in Garfield Heights, Ohio. Chart Industries was incorporated in 1859 and is headquartered in Ball Ground, Georgia.

DEAL STATS #
Overall 13 of 17
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 11 of 15
State (Arkansas) 1 of 1
Country (United States) 10 of 12
Year (2020) 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 MVE Biological Solutions

Ball Ground, Georgia, United States

MVE Biological Solutions is a manufacturer of vacuum insulated products and cryogenic freezer systems for the life sciences industry. MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars, and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Sustainable Energy Solutions

Orem, Utah, United States

Sustainable Energy Solutions develops practical, innovative, and cost-effective solutions to sustainability problems within the energy industry. The primary focus of SES is Cryogenic Carbon Capture (CCC) is designed to separate a nearly pure stream of CO2 from power plant gases. This technology adds a process to the plant after the normal energy production and there separates the CO2 from the other gases.

Buy $20M
Mergr

Product

Company

Legal