Ingersoll said the deal was made at a "low teens" adjusted EBITDA purchase multiple that is expected to be reduced to mid-single digits within three years. Ingersoll, a provider of industrial equipment including oil and gas products, said the deal adds low-pressure compression and vacuum technologies to the company's portfolio. The Howden Roots business will enhance the company's ability to serve high-growth, sustainable end markets including green steel, the company said. For Chart Industries, the deal backs up management's commentary that the company will divest $500 million in assets to reduce debt, according to a June 12 Jefferies commentary. Chart Industries provides highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, according to Jefferies.