Welcome to our dedicated page for Thermon Group Holdings SEC filings (Ticker: THR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Thermon Group Holdings, Inc. filings document an NYSE-listed operating company focused on industrial process heating and related engineered solutions. Recent Form 8-K reports cover operating and financial results, Regulation FD investor presentations, product and market updates for liquid load bank solutions, and material agreements tied to the company's credit arrangements.
The filings also disclose common stock registered on the New York Stock Exchange under THR, capital-structure matters, annual meeting voting results, director election and other governance matters, and exhibits such as earnings releases, investor presentations and press releases furnished with current reports.
CECO Environmental Corp. announced a proposed combination with Thermon Group Holdings in a transaction valued at about $2 billion, using $340 million in cash (via a $10 per Thermon share payment) and the remainder in CECO stock, creating a pro forma company the CEO says would be roughly $1.5 billion on a 2027 run‑rate with ~39% gross margins and ~20% EBITDA margin. The companies expect CECO shareholders to own about 63% and Thermon shareholders about 37% of the combined business; closing is targeted around mid‑year (June timeframe), subject to customary approvals and the Registration Statement/Form S‑4 process.
CECO Environmental Corp. announces a definitive merger agreement to combine with Thermon Group Holdings, Inc. in a stock-and-cash transaction valued at approximately $2.2 billion. Thermon shareholders will receive $10 in cash plus 0.684 shares of CECO common stock per Thermon share; the cash portion will be funded through existing credit facilities and the companies expect the deal to close in mid-2026. Upon closing CECO shareholders are expected to own ~62.5% and Thermon shareholders ~37.5% of the combined company. The companies disclosed pro forma combined revenue of ~$1.5 billion, adjusted EBITDA of ~$295 million assuming ~$40 million of run-rate synergies, and pro forma net leverage of ~2.5x. Separately, CECO reported record 2025 results: backlog of $793 million, full-year orders of $1.064 billion, 2026 standalone revenue guidance raised to $925–$975 million and adjusted EBITDA guidance of $115–$135 million.
CECO Environmental Corp. has entered into a definitive agreement to combine with Thermon in a cash-and-stock transaction valued at approximately $2.2 billion. The transaction was unanimously approved by the boards of both companies and will be submitted to CECO and Thermon stockholders for approval.
The companies will continue to operate independently until the transaction closes. CECO intends to file a registration statement on Form S-4 including a joint proxy statement/prospectus; additional details and definitive materials will be mailed to stockholders after SEC effectiveness. CECO will discuss the transaction on a webcast on February 24 at 8:30 AM ET, and an employee town hall is scheduled for February 26 at 7:00 AM CT.
Thermon Group Holdings, Inc. announced a definitive agreement to combine with CECO Environmental in a cash-and-stock transaction valued at approximately $2.2 billion, expected to close in mid-2026 subject to customary closing conditions.
The companies say the deal will create an integrated industrial platform spanning thermal, emissions, water and separation solutions, expand Thermon’s international footprint (notably in Asia), and position Thermon as the largest operating unit within the combined company. Both boards have approved the transaction; further details will be included in a joint proxy statement/prospectus and a Form S-4.
Thermon Group Holdings, Inc. and CECO Environmental Corp. entered into an Agreement and Plan of Merger dated February 23, 2026 under which Thermon will be merged into CECO via a two-step merger.
Each outstanding Thermon share will convert into one of: $63.89 in cash, 0.8110 shares of CECO common stock, or a mixed consideration of 0.6840 shares plus $10.00 cash, subject to holder election, proration and an Election Deadline. Specified termination fees apply ($74.70 million payable by Thermon in certain circumstances; $105 million payable by CECO in reciprocal circumstances). The merger is subject to shareholder approvals, HSR clearance and customary conditions and financing commitments.
CECO Environmental Corp. entered into a definitive Agreement and Plan of Merger to acquire Thermon Group Holdings, Inc. through a two-step merger structure, under which Thermon shareholders will receive a choice of Mixed Consideration (0.6840 CECO shares plus $10.00 cash), $63.89 cash, or 0.8110 CECO shares. The transaction is subject to stockholder approvals, regulatory clearances including Hart-Scott-Rodino review, Nasdaq listing approval for shares to be issued, the effectiveness of a Form S-4, and other customary conditions, and contemplates board expansions and voting agreements covering approximately 15.2% of CECO common stock.
Thermon Group Holdings agreed to be acquired by CECO Environmental in a cash-and-stock merger valued at approximately $2.2 billion, creating a larger industrial environmental and thermal solutions platform. Thermon shareholders can elect $63.89 in cash, 0.8110 CECO shares, or a mix of $10.00 cash plus 0.6840 CECO shares per Thermon share, subject to proration.
The mixed package values Thermon at about $63.13 per share, a 26.8% premium to its $49.77 closing price on February 23, 2026, based on CECO’s $77.68 share price. After closing, CECO shareholders are expected to own roughly 62.5% of the combined company and Thermon shareholders about 37.5%. The deal is backed by committed debt financing, includes reciprocal termination fees of $74.70 million for Thermon and $105 million for CECO, and is targeted to close in mid-2026, subject to shareholder and regulatory approvals.
Thermon Group Holdings delivered steady results for the quarter and nine months ended December 31, 2025. Quarterly sales rose to $147.3 million from $134.4 million, while net income was broadly flat at $18.3 million. Gross margin improved slightly to 46.6% as pricing and project mix offset cost pressures.
For the first nine months, sales increased to $387.9 million from $364.1 million and net income grew to $41.8 million from $36.5 million, helped by higher project activity, especially in Europe, and contributions from the F.A.T.I. acquisition. Backlog increased to $259.4 million, supporting future revenue visibility.
The company refinanced its debt with a new $125 million term loan due 2030 and a $115 million revolving credit facility, and ended the period with long-term debt of $122.9 million and revolving borrowings of $19.7 million. Thermon continues to invest in data-center-focused liquid load bank products and maintains compliance with leverage and coverage covenants.
Thermon Group Holdings, Inc. furnished an update on its performance by issuing a press release with consolidated financial results for the third quarter of its fiscal year ending March 31, 2026. The press release is attached as Exhibit 99.1. Thermon also posted an updated “Earnings Presentation (Third Quarter Fiscal 2026)” on its investor relations website, providing an additional overview of these quarterly results for shareholders and analysts.