CECO Environmental to combine with Thermon Group in $2.2 billion stock and cash deal

CECO Environmental and Thermon Group agreed a definitive deal to combine in a stock and cash transaction valued at about $2.2 billion, with the combined company continuing as CECO Environmental under CEO Todd Gleason.

“The combination will meaningfully extend CECO's leadership in industrial environmental and thermal solutions by adding Thermon's established position in process heating, heat tracing and temperature management.”ir.thermon.com

• 1 source
• ir.thermon.comCECO Environmental Announces Strategic Combination with Thermon Group, Creating a Global Industrial Leader in Delivering Mission-Critical Environmental and Thermal Solutions :: Thermon Group Holdings, Inc. (THR)Feb 24, 2026

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