Thermon's stock price surged 15.5% due to the $2.2 billion acquisition of Ceco Environmental.

2026-02-24 13:54:59

Abstract generation in progress

Investing.com - In pre-market trading on Tuesday, Thermon’s stock rose 15.5% after the company announced that Ceco Environmental will merge with it in a $2.2 billion deal.

Ceco Environmental (NASDAQ: CECO) disclosed the proposed merger, which is expected to be completed by mid-2026. The company stated that the positive financial impact of this transaction is not included in its updated full-year outlook.

Based on record-breaking sales pipelines, the largest order backlog ever, and strong order growth momentum, Ceco Environmental has raised its full-year guidance. The company said it expects its largest markets to remain strong.

CEO Gleason said, “We are entering 2026 with a record-breaking sales pipeline, the largest order backlog ever, and significant order growth momentum. We expect our largest markets to stay strong, and we are confident in our proven operating model, believing we will achieve high levels of execution.”

Gleason added that the raised outlook does not reflect the financial benefits expected from the merger. He thanked employees and partners for delivering quality results to global customers while protecting personnel, the environment, and industrial equipment.

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