---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-111987"
form_type: "8-K"
ticker: "CECO"
cik: "0000003197"
company_name: "CECO ENVIRONMENTAL CORP"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:27:16.576350+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CECO to acquire Profire Energy for $125M in cash; $2.55/share, 46.5% premium

## Summary
- CECO to acquire Profire Energy for $2.55/share cash, implying equity value of ~$125M and enterprise value ~$108M.
- Premium of 46.5% over Profire's Oct 25 close of $1.74; tender offer to commence by Dec 3, 2024.
- Profire estimates 2024 sales >$60M with adj. EBITDA margins ~20%; deal expected to close in Q1 2025.
- CECO to fund deal with cash; Profire to become wholly-owned subsidiary, delisted from Nasdaq.
- Acquisition unanimously approved by Profire Board; subject to tender of majority shares and HSR clearance.

## SEC filing metadata
- accession: 0001104659-24-111987
- form_type: 8-K
- ticker: CECO
- cik: 0000003197
- company_name: CECO ENVIRONMENTAL CORP
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3197/000110465924111987/0001104659-24-111987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3197/000110465924111987/tm2426882d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-111987
- JSON: https://secwatch.observer/filing/0001104659-24-111987.json
- Plain text: https://secwatch.observer/filing/0001104659-24-111987.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.