Thermon completes $329M merger with CECO, delists from NYSE

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

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  Thermon shareholders received ~$329M cash plus 22.53M CECO shares for 32.94M Thermon shares outstanding; shareholders could elect mixed consideration (0.6840 CECO shares + $10 cash), all-cash ($63.89/share), or all-stock (0.8110 CECO shares), subject to proration.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
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  Thermon became wholly-owned CECO subsidiary; THR stock delisted from NYSE and trading suspended June 1, 2026; company will file Form 15 to terminate SEC reporting obligations.

  Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule verify on EDGAR →
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  CECO paid all outstanding obligations under Thermon's JPMorgan Chase credit facility and terminated the agreement as part of merger closing.

  Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →