M&A Deal Summary

Chart Industries Acquires Howden

On November 9, 2022, Chart Industries acquired machinery company Howden from KPS Capital Partners for 4.4B USD

Acquisition Highlights
  • This is Chart Industries’ 5th transaction in the Machinery sector.
  • This is Chart Industries’ largest (disclosed) transaction.
  • This is Chart Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-11-09
Target Howden
Sector Machinery
Buyer(s) Chart Industries
Sellers(s) KPS Capital Partners
Deal Type Add-on Acquisition
Deal Value 4.4B USD

Target

Howden

Renfrew, United Kingdom
website
Howden is a provider of mission-critical air and gas handling products, technologies, and services. Howden supports multiple sectors including infrastructure, power generation, oil & gas, wastewater, metals, mining, and transportation. Howden was founded in 1854 and is based in Renfrew, Scotland.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 17 of 17
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 15 of 15
Country (United Kingdom) 1 of 1
Year (2022) 3 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Fronti Fabrications

Palmerton, Pennsylvania, United States

Fronti Fabrication is a specialist in engineering, machining, and welding for the cryogenic and gas industries, and also supplies new build pressure vessels and performs repairs with certification to the American Society of Mechanical Engineers (ASME) code. Fronti Fabrications was established in 2003 and is headquartered in Palmerton, Pennsylvania.

Buy $20M

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.


DEAL STATS #
Overall 32 of 33
Sector (Machinery) 5 of 5
Type (Add-on Acquisition) 17 of 18
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 PEMCO

Leesburg, Alabama, United States

PEMCO is a global manufacturer of porcelain enamels and specialized glass coatings and colorants to a variety of end-market applications. PEMCO provides a wide array of products, including porcelain frits and powders for appliances, cookware, and sanitaryware applications. In addition, the Company provides functional glass enamels for automotive, architectural and container glass applications. PEMCO International is based in Leesburg, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-13 Princess Yachts

Plymouth, United Kingdom

Princess Yachts is a designer and manufacturer of luxury super yachts, offering yachts through its network of 50 exclusive distributors worldwide. Princess Yachts was founded in 1965 and is based in Plymouth, United Kingdom.

Buy -