# Thermon acquires Vapor Power for over USD 50M in revenue

Thermon Group Holdings, Inc. acquired Vapor Power International, a provider of industrial process heating solutions including electric and gas-fired boilers. Vapor Power had revenue of over USD 50 million in 2023. The acquisition was announced on 2 January 2024.

- Type: Acquisition
- Announced: 2024-01-02
- Where: United States
- Status: completed
- Products: electric boilers, electrode boilers, gas-fired boilers, steam generators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Thermon Group](https://endata.com/companies/14039.md) (acquirer)
- [Vapor Power International](https://endata.com/companies/74750.md) (target)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/thermon-acquires-vapor-power-821014), 2024-01-02: "Thermon... today announced it acquired Vapor Power International and its affiliates."
- [finance.yahoo.com](https://finance.yahoo.com/news/thermon-acquires-vapor-power-120000575.html), 2024-01-02: "Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced it acquired Vapor Power International and its affiliates."

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