Flowserve Corporation and Chart Industries, Inc. announced a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion. This merger aims to establish a scaled, high-performance global platform serving the full customer lifecycle for flow and thermal management.
Under the terms of the agreement, Chart shareholders will receive 3.165 shares of Flowserve common stock for each Chart common stock owned. Following the transaction, Chart shareholders will own approximately 53.5% and Flowserve shareholders will own approximately 46.5% of the combined entity on a fully diluted basis. The combined company generated net revenue of approximately $8.8 billion on a combined LTM basis as of the end of Q1 2025, with about $3.7 billion in aftermarket services revenue.
The merger is anticipated to generate approximately $300 million of annual cost synergies within three years and additional revenue synergies over time, representing an incremental 2% growth on combined revenue. The transaction is expected to be meaningfully accretive to combined adjusted EPS in the first year and is committed to an investment-grade balance sheet. The combined company will be headquartered in Dallas, TX, with Jill Evanko serving as Chair and Scott Rowe as CEO. The transaction is expected to close in the fourth quarter of 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.