---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-215494"
form_type: "8-K"
ticker: "GTLS"
cik: "0000892553"
company_name: "CHART INDUSTRIES INC"
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T07:16:30.992282+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Chart closes $300M sale of Roots to Ingersoll Rand; proceeds cut debt

## Summary
- Sale closed for $300M all-cash, low-teens adjusted EBITDA multiple.
- Proceeds used for debt paydown; net leverage target 2.5-2.9X by mid-2024.
- Roots moved to discontinued operations effective March 17, 2023.
- Pro forma net leverage ratio 3.72X as of June 30 after divestiture and expected Cofimco cash.
- Chart reaffirms year-one cost synergy target of $175M and commercial synergy target of $150M.

## SEC filing metadata
- accession: 0001193125-23-215494
- form_type: 8-K
- ticker: GTLS
- cik: 0000892553
- company_name: CHART INDUSTRIES INC
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/892553/000119312523215494/0001193125-23-215494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/892553/000119312523215494/d549014d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-215494
- JSON: https://secwatch.observer/filing/0001193125-23-215494.json
- Plain text: https://secwatch.observer/filing/0001193125-23-215494.txt

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