M&A Deal Summary

Thermon Acquires CCI Thermal Technologies

On October 4, 2017, Thermon acquired energy services and equipment company CCI Thermal Technologies for 258M CAD

Acquisition Highlights
  • This is Thermon’s 1st transaction in the Energy Services and Equipment sector.
  • This is Thermon’s 0th largest (disclosed) transaction.
  • This is Thermon’s 1st transaction in Canada.
  • This is Thermon’s 1st transaction in Alberta.

M&A Deal Summary
Date 2017-10-04
Target CCI Thermal Technologies
Sector Energy Services and Equipment
Buyer(s) Thermon
Deal Type Add-on Acquisition
Deal Value 258M CAD
Advisor(s) Deloitte (Financial)

Target

CCI Thermal Technologies

Edmonton, Alberta, Canada
website
CCI Thermal Technologies, Inc. is a developer of advanced heating and filtration solutions for industrial and hazardous area applications. CCI’s business to date has been focused on serving customers’ heating and filtration solutions for industrial and hazardous area applications primarily in North America.

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Buyer(S) 1

Buyer

Thermon

Austin, Texas, United States

website

Category Company
Founded 1954
Sector Machinery
Employees1,227
Revenue 356M USD (2022)
DESCRIPTION

Thermon is a manufacturer of heat tracing equipment for petrochemical, oil and gas, engineering, and power end-markets. With operations in North America, Europe, Asia, and Australia, the company serves customers worldwide. Thermon was founded in 1954 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Powerblanket

Salt Lake City, Utah, United States

Powerblanket is a temperature control that provides patented standard and custom-made heating products, world-class industrial chillers and cooling wraps, and operates an industrial heating e-commerce website. Powerblanket was founded in 2005 and is based in Salt Lake City, Utah.

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