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

CECO Environmental Corp has completed the acquisition of Thermon Group Holdings, a industrial services other business in Texas, for $334 million. Thermon Group Holdings provides industrial services and related solutions for customers that rely on thermal and process performance, supporting CECO Environmental acquisitions in the industrials sector. CECO Environmental acquisitions in TX align with industrial services other acquisition strategy and strengthen CECO’s industrials M&A footprint. The merger acquisition is a strategic acquisition by CECO Environmental, with the deal structured as a merger acquisition and expected to close after regulatory and shareholder approvals, following an announced timeline.