Thermon Group Holdings Acquired by CECO Environmental | Industrials M&A Deal

CECO Environmental has completed the acquisition of Thermon Group Holdings, a industrial services other business in Texas. CECO Environmental acquisitions expand engineered solutions for industrial process heating, helping protect people, the environment, and industrial equipment across global industrial operations. Thermon Group Holdings is a diversified industrial technology company and a global leader in industrial process heating solutions, strengthening CECO’s industrials M&A footprint in TX acquisitions. The merger acquisition is a strategic acquisition by CECO Environmental, with former Thermon shareholders receiving cash and/or CECO common stock under the merger agreement. CECO Environmental acquisitions closed in 2026 and will be led by CEO Todd Gleason, with two former Thermon directors joining the CECO board.