BlueInGreen acquired by Chart Industries
Water cleantech company BlueInGreen, LLC announced that it has been acquired by Chart Industries, Inc., a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries.
The groundbreaking partnership combines the experience of BlueInGreen’s award-winning team and the performance of its patented gas dissolution technologies with Chart Industries’ unique product portfolio to deliver unmatched treatment solutions to municipal and industrial markets. The acquisition strengthens the connection between the industrial gas and water markets, setting the stage for a game-changing opportunity in the water treatment space as the industry-wide trend of replacing chemicals, polymers and ambient air with oxygen, carbon dioxide and ozone continues to gain momentum and market share.
“In addition to this being a natural fit for us, we gain an experienced management team full of engineering and industry experts who are committed to staying with the business,” said Chart Industries CEO and president Jill Evanko. “Chris Milligan, CEO and president of BlueInGreen, will run the combined business and work closely with our global commercial and engineering teams as we bring our combined offering into domestic and international water treatment projects as well as leveraging the unique opportunity that Chart has with hydrogen, LNG and water working together to address sustainability, power and water needs.”
Chart Industries is a global manufacturer of equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The Company offers vacuum-insulated containment vessels, heat exchangers, cold boxes and other cryogenic components to the energy and industrial gas markets. With domestic operations across the United States and an international presence in Asia, Australia, Europe and Latin America, Chart is positioned to implement BlueInGreen’s solutions on a global scale within a wide range of industries and applications.
“We are thrilled to join Chart Industries’ portfolio of proven technologies and iconic brands,” said BlueInGreen CEO and president Chris Milligan, PE. “This partnership pairs BlueInGreen’s expertise with Chart’s global footprint, allowing for enhanced integration, increased response time and a more robust service fleet as we collectively bridge the gap between industrial gas and water markets.”
“Each company benefits tremendously from this partnership,” Milligan said, “but so do our end-users.”
The combination of Chart equipment and BlueInGreen technology delivers a solution that consumes 20% to 40% less gas than other alternatives for the same level of treatment while featuring the smallest energy, carbon and physical footprint available. This complete dissolution package is offered through a Treatment-as-a-Service (TaaS) contract, capital sale or a combination thereof via à la carte services.
With over 150 years of combined water treatment experience, BlueInGreen—as well as its contract services division, BIG Aeration Services—continues to be sought out by elite, third-party consulting engineering firms—such as Jacobs Engineering, Black & Veatch, CDM Smith, Stantec, Burns & McDonnell, Carollo and Brown & Caldwell—and by top brands—like Georgia-Pacific, Del Monte Foods, Campbell’s and Tyson Foods.
“Strategic acquisition has always been part of our long-term growth strategy,” said BlueInGreen CFO Scott Goodson. “And we could not ask for a better business partner. With Chart’s international recognition and existing sales infrastructure, BlueInGreen’s momentum in the U.S. and abroad is only expected to accelerate.”
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