Flowserve to combine with Chart Industries in all-stock merger of equals
Flowserve and Chart Industries signed a merger agreement on June 3, 2025, to combine in an all-stock deal. Chart shareholders would receive 3.165 Flowserve shares for each Chart share, and Chart holders would own about 53.5% of the combined company versus 46.5% for Flowserve holders. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approvals.
Key points
- Exchange ratio: 3.165 Flowserve common shares for each Chart common share
- Expected close in the fourth quarter of 2025, subject to shareholder and regulatory approvals
- Combined company expected to have about $300 million of annual cost synergies within three years
- Scott Rowe to be CEO and Jillian Evanko to be non-executive chair of the combined company
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.