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, for $334 million. Thermon provides industrial services and related solutions for process and industrial customers, supporting CECO Environmental’s industrials M&A strategy. CECO Environmental acquisitions expand capabilities and customer reach through a merger acquisition focused on industrial services other acquisition in TX acquisitions. The strategic acquisition is structured as a merger acquisition between CECO and Thermon, with CECO as the strategic buyer pursuing a platform-style combination. The announced deal follows an Agreement and Plan of Merger dated February 23, 2026, with closing subject to customary approvals.