# Thermon Group Holdings, Inc. (THR) — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_d4c4f961a63df82ce47d · retrieved 2026-08-11T16:12:47.300Z

## Overview
Thermon Group Holdings, Inc. is an electrical industrial apparatus manufacturer providing thermal management solutions.

On February 23, 2026, CECO Environmental Corp. (Parent) entered into an Agreement and Plan of Merger with Thermon Group Holdings, Inc. (Company) and two merger subsidiaries. The transaction involves a two-step merger whereby Merger Sub Inc. merges with and into the Company, followed immediately by the Surviving Corporation merging into Merger Sub LLC. Each share of Company Common Stock will be converted into the right to receive one of three forms of consideration, at the election of the holder: (i) 0.6840 shares of Parent Common Stock plus $10.00 in cash (Mixed Consideration); (ii) $63.89 in cash (Cash Consideration); or (iii) 0.8110 shares of Parent Common Stock (Stock Consideration). Shareholders who make no election will receive the Mixed Consideration. The transaction is subject to customary closing conditions including Company and Parent stockholder approvals, regulatory approvals including Hart-Scott-Rodino clearance, and other customary conditions.

## Terms
- Counterparty: CECO Environmental Corp. · Consideration: mixed · Price/share: $63.89

## Key dates
- Completed 2026-02-24

## Timeline
- 2026-02-24 · 425 (0001104659-26-019181): 425 - Thermon Group Holdings, Inc. — *Thermon Group Holdings, Inc. designs, manufactures, and supplies engineered heating solutions including heat tracing, engineered heating systems, environmental heaters, and thermal management products for industrial applications across power generation, oil and gas, petrochemicals, semiconductors, and other process industries.* Thermon Group Holdings, Inc. announced on February 24, 2026 that it has entered into a definitive agreement to combine with CECO Environmental Corp. in a cash and stock transaction valued at approximately $2.2 billion. The transaction has been approved by the boards of directors of both companies and is anticipated to close in mid-2026, subject to satisfaction of customary closing conditions. Following closing, Thermon is intended to become the largest operating unit within CECO, with the Thermon brand continuing to be supported by the combined company's team and strategy.
  https://www.sec.gov/Archives/edgar/data/1489096/0001104659-26-019181.txt
- 2026-02-24 · 425 (0001104659-26-018829): 425 - Thermon Group Holdings, Inc. — *Thermon Group Holdings, Inc. is an electrical industrial apparatus manufacturer providing thermal management solutions.* On February 23, 2026, CECO Environmental Corp. (Parent) entered into an Agreement and Plan of Merger with Thermon Group Holdings, Inc. (Company) and two merger subsidiaries. The transaction involves a two-step merger whereby Merger Sub Inc. merges with and into the Company, followed immediately by the Surviving Corporation merging into Merger Sub LLC. Each share of Company Common Stock will be converted into the right to receive one of three forms of consideration, at the election of the holder: (i) 0.6840 shares of Parent Common Stock plus $10.00 in cash (Mixed Consideration); (ii) $63.89 in cash (Cash Consideration); or (iii) 0.8110 shares of Parent Common Stock (Stock Consideration). Shareholders who make no election will receive the Mixed Consideration. The transaction is subject to customary closing conditions including Company and Parent stockholder approvals, regulatory approvals including Hart-Scott-Rodino clearance, and other customary conditions.
  https://www.sec.gov/Archives/edgar/data/1489096/0001104659-26-018829.txt

## Citations
- 0001104659-26-019181 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926019181
- 0001104659-26-018829 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926018829