Simpson Thacher is representing Harsco Corporation in connection with its definitive agreement to sell its Industrial Air-X-Changer business to Chart Industries, Inc. for $592 million. The transaction is expected to close in the next few months, subject to customary closing conditions, including regulatory approval.
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, aluminum, energy and railway sectors.
The Simpson Thacher team for the transaction includes Mario Ponce, Janet Yu, Sara Park, Ethan Kim and Joshua Harris (M&A); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Employee Benefits); John Creed and Sophie Staples (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Steve DeLott (Insurance); Mike Isby and Timothy Mulvihill (Environmental); Sara Razi, Peter Thomas and Joshua Hazan (Antitrust); and Krista McManus (Real Estate).