Mergers & Acquisitions ·
CECO Environmental Corp. filed an amendment to its Form 8-K to include unaudited pro forma condensed combined…
CECOCeco Environmental Corp
CECO Environmental Corp. filed an amendment to its Form 8-K to include unaudited pro forma condensed combined financial information required by Item 9.01(b), which was omitted from the original report filed on June 1, 2026. The original filing reported the completion of CECO's acquisition of Thermon Group Holdings Inc., consummated on June 1, 2026, pursuant to a stock-and-cash merger agreement dated February 23, 2026. Consideration for Thermon shareholders included cash ($63.89), CECO common stock (0.8110 shares), or a mix of both (0.6840 shares plus $10.00). The transaction was funded using approximately $525 million in new debt, comprising a $235 million incremental term loan and roughly $290 million from the existing revolving credit facility. Pro forma results for the year ended December 31, 2025, show combined net sales of $1.3 billion and pro forma net loss attributable to CECO of $20.2 million. CECO Environmental Corp. operates in the environmental technology industry, providing air pollution control systems and services.