Latham & Watkins Advises on Chart Industries’ Merger With Flowserve

Chart Industries, Inc. (NYSE: GTLS) and Flowserve Corporation (NYSE: FLS) announced that they have entered into 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 US$19 billion based on the exchange ratio and the closing share prices for Chart and Flowserve as of June 3, 2025. The transaction is expected to close in the fourth quarter of 2025, subject to approval of shareholders of both Chart and Flowserve, the receipt of regulatory approvals, and the satisfaction of other customary closing conditions.

Latham & Watkins LLP represents Wells Fargo Securities, LLC as lead financial advisor to Chart Industries, Inc. in the transaction with a corporate team led by New York partner Robert Katz, with associates Taylor Ashton and William Anderson.