Thermon Group enters merger with CECO Environmental; stockholders to receive $63.89 cash or 0.8110 CECO shares

Thermon Group Holdings, Inc.

Per share consideration options: $63.89 cash, 0.8110 CECO shares, or 0.6840 CECO shares plus $10 cash.
CECO secured $200M incremental term loan and up to $700M backstop facility from Bank of America for financing.
Two Thermon directors to join CECO's board, expanding it from eight to ten members.
Termination fees: Thermon pays $74.7M; CECO pays $105M under specified conditions.
Closing targeted by August 24, 2026, subject to regulatory and stockholder approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Thermon Group Holdings, Inc. entered into Agreement and Plan of Merger with CECO Environmental Corp., Longhorn Merger Sub, Inc., Longhorn Merger Sub LLC (effective 2026-02-23).

Action: entry
Agreement: merger
Counterparty: CECO Environmental Corp., Longhorn Merger Sub, Inc., Longhorn Merger Sub LLC
Effective: 2026-02-23

Exact text from the filing

On February 23, 2026, CECO Environmental Corp., a Delaware corporation (the “ Parent ”), Longhorn Merger Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of the Parent (“ Merger Sub Inc. ”), Longhorn Merger Sub LLC, a Delaware limited liability company and direct wholly owned subsidiary of the Parent (“ Merger Sub LLC ”), and Thermon Group Holdings, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).

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Thermon Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-018826

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