The sale of Chart Industries to First Reserve will have minimal impact on the organisation, according to the company spokesman.
Jason J. Curtis, Chart corporate director of marketing, explained: “The company was majority owned by two private equity groups with limited shares publicly traded. Under the new ownership, all of the shares will be held by First Reserve, therefore the company will be transitioned to a privately held company.
“Chart went through a pre-packaged chapter 11 bankruptcy in 2003, which allowed for a major reorganisation of the company. Therefore the need for any major changes is not foreseen at this time.”
According to Mr Curtis, the current executive leadership team will remain in place and continue to grow the company in much the same manner as they have for the past two years under Sam Thomas’s direction.
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