Chart Industries, Inc. has acquired Hetsco, Inc. in a $22 million deal made through its subsidiary, Chart Lifecycle, Inc. The move, according to a Chart statement, supplements the company’s current offerings by bringing a full suite of welding services for industrial gas and gas processing facilities including mission critical repair, specialty maintenance, construction/fabrication and safety services, with a particular focus on brazed aluminum heat exchangers.
Chart and Hetsco have a long association of working together on plant installations and emergency repairs. Chart says the combined business will focus on extending equipment lifespan by offering services from installation and start-up; operations and maintenance; training and support; and monitoring, process optimization, repair, maintenance and extended warranty.
“Chart Lifecycle offers a level of service that is unique and unparalleled in the markets we serve,” says Sam Thigpen, president of Chart Lifecycle, Inc. “Increased analysis, awareness and attention to operating data and process control will improve process safety and reliability, but plants do fail and we need to react when that happens. Through the addition of Hetsco’s expertise and resources, Chart Lifecycle’s global 24/7 response has no equal. We are very excited to welcome the Hetsco team to the Chart Lifecycle family. They bring a wealth of knowledge and experience that will further bolster our commitment to delivering best-in-class, timely services to our customers.”