CECO publishes investor presentation on Thermon acquisition strategy and synergy targets

CECO Environmental
Thermon Group

CECO Environmental

CECO

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Thermon Group

THR

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  • CECO outlined a pending Thermon acquisition, targeting a June close with net leverage around 2.5x at closing.
  • Deal terms set at USD 10 cash per share plus 0.684 shares of CECO stock for each Thermon share.
  • Cost synergies forecast above USD 40 million run-rate by year three, with 75% of actions completed by end-2027.
  • Standalone 2026 outlook raised to revenue of 940 million-1 billion with adjusted EBITDA of 120 million-140 million.
  • First-quarter 2026 showed backlog of USD 1.04 billion, bookings of USD 449 million, revenue of USD 206 million, adjusted EBITDA of USD 20.4 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CECO Environmental Corporation published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.