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acquisitionAnnounced · Feb 24, 2026industrial thermal and environmental solutionsSource · Unverified ReportsArticle · Factual

Thermon Group · CECO Environmental

CECO Environmental acquires Thermon Group

David Najork · Founding Software Engineer

Announced Feb 24, 2026 · Updated May 13, 2026 · 1 min read

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Deal value

$2.2B

Target

Thermon Group

NYSE: THR · Austin, Texas

Acquirer

CECO Environmental

Full Acquisition

Status

Announced

CECO Environmental agreed to acquire Thermon Group. Reported deal value: $2.2B. Status: Announced. Sector: industrial thermal and environmental solutions. Target headquarters context: Austin, Texas, United States.

This page summarizes publicly available information about the transaction as of 2026-02-24. Figures and status may change as filings and press coverage update.

The CECO to acquire Thermon deal is set to ignite the industrial technology sector after CECO Environmental Corp . announced Tuesday it will purchase Thermon Group Holdings Inc. in a stock-and-cash transaction valued at roughly $2.2 billion

Deal timeline

Announced

Feb 24, 2026 · usaherald.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in industrial thermal and environmental solutions with a reported deal value of $2.2B. Figures and status may change as sources update.

Sources: usaherald.com · Primary article · FireStrike proprietary index