Thermon - M&A Summary and Business Overview

MachineryCompany

Thermon M&A Summary

Thermon has acquired 2 companies, including 1 in the last 5 years.

Thermon’s largest acquisition to date was in 2017, when it acquired CCI Thermal Technologies for $196M. Thermon has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include energy services and equipment (50%) and manufacturing (50%).

Thermon Business Overview

Where is Thermon headquartered?

Thermon is headquartered in Austin, Texas.

What is Thermon’s revenue?

Thermon disclosed revenue of 356M USD for 2022 and 276M USD for 2021.

How many employees does Thermon have?

Thermon has 1,227 employees.

What sector is Thermon in?

Thermon is a machinery company.

When was Thermon founded?

Thermon was founded in 1954.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2

Thermon

Thermon Group Holdings, Inc.

7171 Southwest Parkway Building 300 Suite 200,
Austin, Texas 78735
United States,
(512) 690-0600
www.thermon.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - - 1 - - 2
vol $196M $196M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Flatwork Technologies LLC 2022-06-01 - Add-on Acquisition
Salt Lake City, Utah · www.powerblanket.com
CCI Thermal Technologies, Inc. 2017-10-04 196M CAD Add-on Acquisition
Edmonton, Alberta · www.ccithermal.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) 196M (100%) - -
Manufacturing 1 (50%) - - -
Total 2 $196M - -

By Geo

State/Country Buy Value Sell Value
Canada 1 196M - -
  Alberta 1 196M - -
United States 1 - - -
  Utah 1 - - -
Domestic 1 (50%) - - -
Cross-border 1 (50%) 196M (100%) - -
Total 2 $196M - -

Deal Values

buy # Total
$100M to $1B 1 $196M
TOTAL $196M
Largest CCI Thermal Technologies, Inc.
$196M (2017-10-04)

Company Summary

SECTOR

Machinery

Revenue

356   29% 2022
276   28% 2021
383   8% 2020
413   34% 2019
309   18% 2018
264   7% 2017
282   9% 2016
309   2015
(millions of USD) Show More Show Less

Employees

1,227

Established

1954

Public

NYSE: THR

Former Name

Thermon Industries, Inc.

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