# 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.

- Type: Acquisition
- Announced: 2026-02-24
- Value: $2.20B
- Status: announced
- Products: process heating systems, heat tracing, temperature management, environmental solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [CECO Environmental](https://endata.com/companies/6852.md) (acquirer)
- [Thermon Group](https://endata.com/companies/14039.md) (target)

## Sources

- [ir.thermon.com](https://ir.thermon.com/news-events/press-releases/detail/168/ceco-environmental-announces-strategic-combination-with), 2026-02-24: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.