---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-280686"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:30:11.697496+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Chart Industries to acquire Howden for $4.4B in cash and preferred stock

## Summary
- Purchase price $4.4B; cash consideration min $1.83B, stock consideration ~$1.1B in new Series A Preferred Stock.
- Howden acquired from KPS Capital Partners; expected close first half 2023, subject to regulatory approvals.
- Combined pro forma revenue ~$3.4B (TTM Aug 2022); 12.9x Howden adjusted EBITDA, 8.5x including $175M yr-1 cost synergies.
- Annual cost synergies targeted $175M in year one, $250M by year three; commercial synergies $350M annually by year three.
- Debt financing arranged: $3.375B bridge loan facility from JPMorgan and Morgan Stanley, plus up to $1B backstop revolver.

## SEC filing metadata
- accession: 0001193125-22-280686
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312522280686/0001193125-22-280686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312522280686/d411515d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-280686
- JSON: https://secwatch.observer/filing/0001193125-22-280686.json
- Plain text: https://secwatch.observer/filing/0001193125-22-280686.txt

## Key facts
- Material Agreements
  CHART INDUSTRIES INC entered into Equity Purchase Agreement with Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC valued at $4.4 billion (effective 2022-11-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC
  - Value: $4.4 billion
  - Effective: 2022-11-08
  source text: On November 8, 2022, Chart Industries, Inc., a Delaware corporation (the “ Company ”), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”) by and among (i) Granite Holdings I B.V., a Dutch private limited liability company (“ Primary Seller ”), Granite Holdings II B.V., a Dutch private limited liability company (“ BV II ”), and Granite US Holdings GP, LLC, a Delaware limited liability company (the “ US GP Seller ” and, together with Primary Seller and BV II, the “ Sellers ”), (ii) Granite US Holdings LP, a Delaware limited partnership (“ Granite US ”), Granite Acquisition GmbH, a German limited liability company (“ Granite Germany ”), Granite Canada Holdings Acquisition Corp., a corporation formed pursuant to the laws of British Columbia (“ Granite Canada ”), and HowMex Holdings, S. de R.L. de C.V., a Mexican limited liability company (“ Granite “Mexico ” and, together with BV II, Granite US, Granite Germany and Granite Canada, the “ Acquired Companies ”), and (iii)
  evidence_url: https://www.sec.gov/Archives/edgar/data/892553/000119312522280686/0001193125-22-280686-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.