Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Industrials · Pumps & Pumping Equipment

Chart Industries Inc to acquire Flowserve Corp

Announced Jun 4, 2025 · Terminated Jul 29, 2025

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock

Transaction

Acquirer
Chart Industries Inc (GTLS)
Target
Flowserve Corp (FLS)
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Terminated Jul 29, 2025

Deal protections

Break fee (target pays)
—
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
—

Advisors

To the acquirer
Wells Fargo
To the target
Guggenheim

Sector context · Industrials

Comparable deals
90 in the prior 24 months
Premium
Sector median 39.0%
EV / Adj. EBITDA
Sector median 9.1x
Break fee
Sector median 2.8%

Timeline

  1. AnnouncedJun 4, 2025
  2. TerminatedJul 29, 2025
Sources
  • 8-K (EX-99.1) · Jun 4, 2025
  • 8-K (EX-99.1) · Jun 4, 2025

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.