CECO ENVIRONMENTAL CORP (CECO): M&A transaction — CECO Environmental completes acquisition of Profire Energy for ~$118.3M in cash

CECO ENVIRONMENTAL CORP

Tender offer expired Dec 31, 2024 with 86.31% of PFIE shares validly tendered at $2.55/share.
Merger closed Jan 3, 2025; PFIE now a wholly owned subsidiary of CECO.
Total consideration for shares ~$118.3M; additional ~$4.5M for cancelled restricted stock units.
PFIE shares delisted from Nasdaq; company will deregister under Exchange Act.
Acquisition funded by borrowings under CECO's revolving credit facility.

item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CECO ENVIRONMENTAL CORP completed an acquisition involving Profire Energy, Inc. for $118.3 million (closed 2025-01-03).

Action: acquisition
Counterparty: Profire Energy, Inc.
Consideration: $118.3 million
Closing: 2025-01-03

Exact text from the filing

stock unit awards following the consummation of the Merger. The aggregate consideration paid by Purchaser in respect of the Shares in the Offer and the Merger was approximately $118.3 million. The aggregate consideration to be paid by Purchaser for all cancelled PFIE restricted stock unit awards is approximately $4.5 million. The Company provided Purchaser with the

View on SEC.gov

Browse all m&a transactions →

CECO ENVIRONMENTAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-25-000843

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.