---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-164923"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:25:28.292045+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chart Industries sells Roots blowers business to Ingersoll Rand for $300M cash

## Summary
- All-cash purchase price of $300M; expected close in Q3 2023, subject to customary conditions.
- Transaction represents low-teens adjusted EBITDA multiple; Ingersoll Rand acquires Connersville facility and ~300 employees.
- Pro forma net leverage ratio would have been 3.88x vs actual 4.08x at March 31, 2023, assuming debt paydown.
- Chart reaffirms FY2023 revenue, adjusted EBITDA, EPS, free cash flow outlook and FY2024 adjusted EBITDA target of $1.3B.
- Roots treated as assets held for sale effective March 17, 2023; synergy targets of $175M/$150M unchanged.

## SEC filing metadata
- accession: 0001193125-23-164923
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312523164923/0001193125-23-164923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312523164923/d476437d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-164923
- JSON: https://secwatch.observer/filing/0001193125-23-164923.json
- Plain text: https://secwatch.observer/filing/0001193125-23-164923.txt

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