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Chart Industries Acquires Earthly Labs

Deals & Cases
December 14, 2021
Chart Industries Acquires Earthly Labs Background Image
Deals & Cases
December 14, 2021

Vinson & Elkins advised Earthly Labs, Inc., the leading provider of small-scale carbon capture systems offering an affordable, small footprint technology platform called “CiCi ®” to capture, recycle, reuse, track and sell CO2, in connection with its acquisition by Chart Industries, Inc.

The purchase price for the 85% of Earthly Labs that Chart did not already own was $62 million (subject to customary adjustments), of which approximately 62% is being paid in cash and 38% is being paid in shares of common stock of Chart.

The V&E corporate team was led by senior associate Michael Gibson, with assistance from associates JP Lopez and Christina Wu. Also assisting were senior associate Allyson Seger and associate Lauren Nieman; partner Shane Tucker and associate Maddison Riddick; counsel Christie Alcalá; and partner Matthew Dobbins.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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