Energy

CECO Environmental Agrees a $2.2 Billion Deal to Buy Thermon

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By David Carnevali

February 24, 2026 at 10:30 AM UTC

Updated on

February 25, 2026 at 12:31 AM UTC

CECO Environmental Corp. has agreed to acquire Thermon Group Holdings Inc., as the filtration company looks to enter the thermal solutions market amid booming demand from data centers.

Texas-based CECO has struck a cash and stock transaction valued at about $2.2 billion, according to a statement Tuesday that confirmed an earlier Bloomberg News report.