Deal announced Jul 2017 Verified
Chart Industries to Acquire Hudson Products from Riverstone Holdings
Chart Industries, Inc. announced the acquisition of Hudson Products from Riverstone Holdings LLC for $410 million in an all-cash transaction. Hudson Products is a leading producer of air-cooled heat exchangers and axial flow cooling fans, with 2017E revenue of ~$205M and EBITDA margins anticipated to exceed 20%. The transaction is expected to close in Q3 2017.
“Acquisition of Hudson Products from Riverstone Holdings LLC”
Entities
Chart Industries, Inc. · Acquirer Hudson Products · Target Riverstone Holdings LLC · Sponsor
HVACOther Sentiment: Positive
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