Chart Industries Inc., a Georgia-based manufacturer of engineered equipment servicing the clean energy and industrial gas markets, has purchased Howden, an air and gas handling products and services company, from KPS Capital Partners for $4.4 billion.

Howden offers air and gas handling services to support safety, efficiency and environmental sustainability in processes across a range of industrial markets. The company manufactures rotating equipment products including compressors, blowers, fans, rotary heaters and steam turbines.

“Howden’s business and growth strategies are aligned with a number of global macro-trends including the energy transition, decarbonization of industry, and electrification,” says Ross Shuster, chief executive officer of Howden. “The strength of the company has been recognized by Chart Industries, and Howden will continue on its positive trajectory as an integral part of Chart.”

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Barclays and Evercore served as financial advisors and Paul Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to KPS and Howden.