Chart Industries Mergers and Acquisitions Summary

Machinery Company

Chart Industries has acquired 17 companies, including 8 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 2 assets.

Chart Industries’ largest acquisition to date was in 2017, when it acquired Hudson Products for $410M. 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 8 different US states, and 3 countries. The Company’s most targeted sectors include machinery (25%) and electrical equipment (17%).

Join Mergr and gain access to Chart Industries’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 2

Chart Industries, Inc.

3055 Torrington Drive,
Ball Ground, Georgia 30107
United States,
(770) 721-8800
www.chartindustries.com

Chart Industries, Inc. 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 founded in 1992 and is based in Ball Ground, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 8 - 3 1 - - 12
vol $170M $432M $602M
Sell (0.4/yr) # - - - - - 2 2
vol $320M $320M
  14

Most Recent M&A

Company Date Value Type
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
Hetsco, Inc. 2017-01-17 22M USD Divestiture
Greenwood, Indiana · www.hetsco.com
Thermax, Inc. 2015-06-01 - Add-on Acquisition
Dartmouth, Massachusetts · www.thermaxinc.com
Wuxi City Zhongbo Heat Exchanger Co., Ltd. 2014-05-28 - Add-on Acquisition
Hudai, China · www.zhbo.com.cn
AirSep Corp. 2012-07-23 170M USD Add-on Acquisition
Buffalo, New York · www.airsep.com
GOFA Gocher Fahrzeugbau GmbH 2011-07-26 - Add-on Acquisition
Goch, Germany · www.gofa.de
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 3 (25%) 410M (68%) - -
Medical Products 2 (17%) 170M (28%) 1 (50%) 320M (100%)
Electrical Equipment 2 (17%) - - -
Energy Services and Equipment 2 (17%) 22M (4%) - -
Manufacturing 1 (8%) - 1 (50%) -
Automotive 1 (8%) - - -
Life Science 1 (8%) - - -
Total 12 $602M 2 $320M

By Geo

State/Country Buy Value Sell Value
United States 9 602M 2 320M
  Georgia 1 - 2 320M
  New York 2 170M - -
  Texas 1 410M - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Indiana 1 22M - -
  California 1 - - -
Germany 2 - - -
China 1 - - -
Domestic 9 (75%) 602M (100%) 2 (100%) 320M (100%)
Cross-border 3 (25%) - - -
Total 12 $602M 2 $320M

Top M&A Advisors

Financial Deals
Credit Suisse Investment Banking
1
Legal Deals
Jones Day
1

Deal Values

buy # Total
$100M to $1B 2 $580M
< $100M 1 $22M
TOTAL $602M
Largest Hudson Products Corp.
$410M (2017-09-21)
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
PE Firm(s)
89%
8 89%
Strategic(s)
11%
1 11%
Divested to
Strategic(s)
100%
2 100%

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