M&A Deal Summary

Chart Industries Acquires Sustainable Energy Solutions

On December 15, 2020, Chart Industries acquired energy services and equipment company Sustainable Energy Solutions for 20M USD

Acquisition Highlights
  • This is Chart Industries’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Chart Industries’ 7th largest (disclosed) transaction.
  • This is Chart Industries’ 11th transaction in the United States.
  • This is Chart Industries’ 1st transaction in Utah.

M&A Deal Summary
Date 2020-12-15
Target Sustainable Energy Solutions
Sector Energy Services and Equipment
Buyer(s) Chart Industries
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

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.

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Buyer(S) 1

Buyer

Chart Industries

Ball Ground, Georgia, United States
Category Company
Founded 1859
Sector Machinery
Employees11,637
Revenue 3.4B USD (2023)
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 incorporated in 1859 and is headquartered in Ball Ground, Georgia.

DEAL STATS #
Overall 14 of 17
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 12 of 15
State (Utah) 1 of 1
Country (United States) 11 of 12
Year (2020) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 BlueInGreen

Fayetteville, Arkansas, United States

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.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Cryogenic Service Center

Gothenburg, Sweden

Cryogenic Service Center offers turnkey solution for service and maintenance of vacuum insulated transport containers for liquid gases. Cryogenic Service Center is based in Gothenburg, Sweden.

Buy $4M
Mergr

Product

Company

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