Thermon Group Holdings, Inc.
THR/CECO Environmental Corp.CECOCECO to acquire Thermon in mixed stock-cash deal
Key takeaways
- CECO Environmental Corp. acquires Thermon Group Holdings, Inc. — $334M aggregate (mixed).
Deal value
$334M
mixed
Per-share offer
—
Premium
—
Days to close
—
Term fee
—
Announced
Apr 24, 2026
Preliminary Proxy
—
Definitive Proxy
—
Record date
—
Shareholder vote
May 27, 2026
Expected close
—
No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.
No closing-condition data extracted.
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
No advisor data on record for this deal.
- Apr 24, 2026
- Apr 24, 2026
CECO to Acquire Thermon Group Holdings in Mixed Consideration Deal
- Apr 24, 2026this filing
| Date | Form | Section | Headline | Status |
|---|---|---|---|---|
| Apr 24, 2026 | — | definitive | CECO Environmental to acquire Thermon Group Holdings | proxy_filed |
| Apr 24, 2026 | — | definitive | CECO to Acquire Thermon Group Holdings in Mixed Consideration Deal | proxy_filed |
| Announced | Target | Acquirer | Value | Consid. | Premium | Term Fee % |
|---|---|---|---|---|---|---|
| Apr 24, 2026 | Thermon Group Holdings, Inc.(THR) | CECO Environmental Corp. | $334M | mixed | — | — |
| Apr 24, 2026 | Nuveen Churchill BDC V | Nuveen Churchill Private Capital Income Fund | $337M | mixed | — | — |
| Apr 24, 2026 | Signature Bancorporation, Inc. | Esquire Financial Holdings, Inc. | $348M | stock | — | — |
| Apr 24, 2026 | Boost Run Holdings, LLC | Willow Lane Acquisition Corp. | $450M | mixed | — | — |
| Apr 24, 2026 | Boost Run Holdings, LLC / Boost Run Inc. | Willow Lane Acquisition Corp. | $450M | mixed | — | — |
| Apr 24, 2026 | Cantor Equity Partners II, Inc. | Securitize Holdings, Inc. | $225M | mixed | — | — |
| Apr 24, 2026 | Ace Green Recycling, Inc. | Athena Technology Acquisition Corp. II | $250M | stock | — | — |
| Apr 28, 2026 | Jackson Supply Company | Watsco, Inc. | $230M | — | — | — |
| Apr 24, 2026 | Basin Electric Power Cooperative S-4 Bond Exchange Registration | — | $700M | — | — | — |
| Apr 28, 2026 | XOMA Royalty Corporation(XOMA) | Ligand Pharmaceuticals Incorporated | $739M | cash | +14.0% | — |
CECO Environmental Corp. agreed to acquire Thermon Group Holdings, Inc. through a series of mergers effective February 23, 2026, with Thermon shareholders receiving mixed consideration of 0.6840 CECO shares plus $10.00 cash per share (or all-cash or all-stock elections subject to proration). The transaction values approximately $334 million in aggregate cash and 22.9 million CECO shares, with CECO and Thermon shareholders expected to own 62.5% and 37.5% of the combined company respectively on a fully diluted basis. Both companies' shareholders will vote on the merger at meetings scheduled for May 27, 2026.