Chart Industries Acquires Earthly Labs
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.
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