Sullivan & Cromwell LLP
08/01/2025 | Press release | Distributed by Public on 08/01/2025 17:48
S&C Advises Financial Advisers to Baker Hughes in $13.6 Billion Acquisition of Chart Industries
Baker Hughes agreed to acquire all outstanding shares of Chart Industries' common stock in cash, representing a total enterprise value of $13.6 billion.
Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide.
Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid molecule handling across a range of industrial and energy end markets. A technology leader in its markets, Chart generated $4.2 billion in revenue and $1 billion adjusted EBITDA in 2024. It operates 65 manufacturing locations with more than 50 service centers globally.
S&C clients Goldman Sachs and Centerview Partners are acting as financial advisers to Baker Hughes.
The S&C team advising Goldman Sachs and Centerview includes Steve Kotran, Morgan Smiley and John McCrystal.
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