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

CECO Environmental acquires Thermon Group Holdings, a industrial services other business in Delaware, for $334 million. Thermon Group Holdings provides industrial services tied to process and industrial equipment, supporting customers with engineered solutions and field execution. CECO Environmental acquisitions expand its industrials M&A footprint through a strategic acquisition of Thermon’s capabilities in DE acquisitions. The merger acquisition is structured as a strategic acquisition, with CECO using a Delaware merger structure to complete a merger acquisition of Thermon Group Holdings. Announced in 2026, the industrials deals DE transaction is expected to close after stockholder approvals under the Agreement and Plan of Merger.