Baker Hughes Acquisition Puts Chart Industries on BCK Capital's Radar

Company Overview - Chart Industries is a leading global manufacturer of highly engineered equipment for the energy and industrial gas industries, specializing in cryogenic and heat transfer solutions [4] - The company supports critical infrastructure across liquefied natural gas (LNG), hydrogen, and specialty gas markets, leveraging its scale, technical expertise, and diversified end-market exposure [4] Financial Performance - As of December 5, 2025, Chart Industries shares were priced at $205.12, reflecting a 7.4% increase over the past year, although underperforming the S&P 500 by 5.5 percentage points [3] - The company's market capitalization stands at $9.02 billion, with a trailing twelve months (TTM) revenue of $4.29 billion and a net income of $39.50 million [3] Recent Developments - BCK Capital Management opened a new position in Chart Industries during Q3 2025, acquiring 20,628 shares valued at $4.13 million, making it the firm's third-largest holding [2][5] - This new position represents 4.4% of BCK Capital's 13F reportable assets under management at the end of Q3 [3] Strategic Context - Chart Industries is involved in the sale of capital equipment, aftermarket services, and leasing solutions, catering to a diverse range of customers including industrial gas producers and energy companies [6] - The company is currently subject to an acquisition by Baker Hughes, which announced a cash offer of $210 per share, valuing the deal at $13.6 billion, pending regulatory approval expected to finalize in mid-2026 [9]