Chart Industries - M&A Summary and Business Overview

MachineryCompany

Chart Industries M&A Summary

Chart Industries has acquired 22 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 2 assets.

Chart Industries’ largest acquisition to date was in 2022, when it acquired Howden Group for $4.4B. It’s largest disclosed sale occurred in 2020, when it sold Chart Industries - Cryobiological Products Business to Cryoport for $320M. Chart Industries has acquired in 11 different US states, and 5 countries. The Company’s most targeted sectors include machinery (30%) and energy services and equipment (18%).

Chart Industries Business Overview

Where is Chart Industries headquartered?

Chart Industries is headquartered in Ball Ground, Georgia.

What is Chart Industries’ revenue?

Chart Industries disclosed revenue of 1,318M USD for 2021 and 1,177M USD for 2020.

How many employees does Chart Industries have?

Chart Industries has 4,771 employees.

What sector is Chart Industries in?

Chart Industries is a machinery company.

When was Chart Industries founded?

Chart Industries was founded in 1859.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity17
    • M&A Sell Activity2
  • Total Sectors Invested 9
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 11
  • M&A Advisors 4

Chart Industries

Chart Industries, Inc.

2200 Airport Industrial Drive, Suite 100,
Ball Ground, Georgia 30107
United States,
(770) 721-8800
www.chartindustries.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 12 2 - 3 - - 17
vol $602M $46M $4.4B $5.1B
Sell (0.4/yr) # - 2 - - - - 2
vol $320M $320M
  19

Most Recent M&A

Company Date Value Type
Howden Group Ltd. 2022-11-09 4.4B USD Add-on Acquisition
Renfrew, United Kingdom · www.howden.com
Fronti Fabrications, Inc. 2022-05-31 20M USD Add-on Acquisition
Palmerton, Pennsylvania · www.frontifabrications.com
CSC Cryogenic Service Center AB 2022-05-18 4M USD Add-on Acquisition
Gothenburg, Sweden · www.cryosc.se
Sustainable Energy Solutions 2020-12-15 20M USD Add-on Acquisition
Orem, Utah · www.sesinnovation.com
BlueInGreen LLC 2020-11-03 26M USD Add-on Acquisition
Fayetteville, Arkansas · www.blueingreen.com
MVE Biological Solutions 2020-08-25 - Divestiture
Ball Ground, Georgia
Chart Industries, Inc. - Cryobiological Products Business 2020-08-25 320M USD Divestiture
Ball Ground, Georgia
Skaff Cryogenics & Cryo-Lease LLC 2018-01-02 - Add-on Acquisition
Brentwood, New Hampshire · www.skaffcryogenics.com
Hudson Products Corp. 2017-09-21 410M USD Add-on Acquisition
Beasley, Texas · www.hudsonproducts.com
VCT Vogel GmbH 2017-09-01 - Add-on Acquisition
Gablingen, Germany · www.vct-vogel.de
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Howden Group Ltd. 2022-11-09 Howden Roots LLC 2023-06-12 1
Renfrew, United Kingdom · www.howden.com Connersville, Indiana

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 5 (29%) 4.8B (95%) - -
Energy Services and Equipment 3 (18%) 42M (1%) - -
Medical Products 2 (12%) 170M (3%) 1 (50%) 320M (100%)
Electrical Equipment 2 (12%) - - -
Manufacturing 1 (6%) - 1 (50%) -
Automotive 1 (6%) - - -
Business Services 1 (6%) 4M (< 1%) - -
Environmental 1 (6%) 26M (1%) - -
Life Science 1 (6%) - - -
Total 17 $5.1B 2 $320M

By Geo

State/Country Buy Value Sell Value
United States 12 668M 2 320M
  Georgia 1 - 2 320M
  New York 2 170M - -
  Utah 1 20M - -
  Texas 1 410M - -
  Pennsylvania 1 20M - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Indiana 1 22M - -
  California 1 - - -
  Arkansas 1 26M - -
Germany 2 - - -
China 1 - - -
Sweden 1 4M - -
United Kingdom 1 4.4B - -
Domestic 12 (71%) 668M (13%) 2 (100%) 320M (100%)
Cross-border 5 (29%) 4.4B (87%) - -
Total 17 $5.1B 2 $320M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
 1
Legal Deals
Winston & Strawn
 2
Setterwalls Advokatbyrå AB
 1
Jones Day
 1

Deal Values

buy # Total
> $1B 1 $4.4B
$100M to $1B 2 $580M
< $100M 5 $92M
TOTAL $5.1B
Largest Howden Group Ltd.
$4.4B (2022-11-09)
sell # Total
$100M to $1B 1 $320M
TOTAL $320M
Largest Chart Industries, Inc. - Cryobiological Products Business
$320M (2020-08-25)

M&A Connections

Deals
Acquired from
Investor(s)
24%
4 (24%)
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Machinery

Revenue

1,318   12% 2021
1,177   10% 2020
1,299   20% 2019
1,084   10% 2018
989   16% 2017
859   18% 2016
1,040   13% 2015
1,193   2% 2014
1,177   17% 2013
1,014   2012
(millions of USD) Show More Show Less

Employees

4,771

Established

1859

Public

NYSE: GTLS

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