Tracked deals
6
6 tracked deals across 2022-2026.
Addison, Texas, United States
CECO Environmental is a leading environmentally focused, diversified industrial company providing engineered solutions that protect people, the environment, and industrial equipment across industrial air, industrial water, and energy-transition markets.
Tracked deals
6
6 tracked deals across 2022-2026.
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
6 buyout
Last 3 years
Supporting Data
CECO Environmental entered into a definitive stock-and-cash merger agreement to combine with Thermon Group Holdings in a transaction valued at approximately $2.2 billion. The combined company will continue under the CECO Environmental name, with CECO shareholders expected to own about 62.5% and Thermon shareholders about 37.5% at closing. The companies project approximately $40 million in annual cost synergies within 36 months and expect to close in mid-2026, subject to customary conditions and approvals (later reported as completed on June 1, 2026).
CECO Environmental completed the acquisition of Kemco Systems, a Florida-based designer and manufacturer of custom industrial water recycling and energy conservation solutions, on August 23, 2023. The deal expands CECO's industrial water capabilities and North American presence, and Kemco reported approximately $22 million in 2022 revenue and an installed base of more than 7,000 systems.
CECO Environmental Corp. has completed the acquisition of industrial flow control leader General Rubber (GRC) and integrated the business into its Effox‑Flextor‑Mader (EFM) joint venture with Chartwell Investments (Chief Capital). The acquisition expands CECO's product offering into rubber expansion joints and increases its addressable market to approximately $500 million while improving short-cycle sales and expected accretion to earnings and cash flow.
CECO Environmental Corp. completed the acquisition of Wakefield Acoustics Ltd., a UK-based designer and manufacturer of industrial noise control systems. The deal expands CECO's Thermal Acoustics platform by adding noise attenuation capabilities and provides access to new European markets and industrial end-markets such as power generation and oil & gas.
CECO Environmental completed the acquisition of UK-based industrial air quality consultancy and engineering firm Western Air Ducts Ltd., including its Inteliair intelligent control system. The deal folds Western Air into CECO's industrial air platform, expanding CECO's product and service offering (standard dust collectors, smart controls) and broadening its addressable market and geographic footprint.
CECO Environmental Corp. acquired Compass Water Solutions, a supplier of membrane-based industrial water and wastewater treatment systems, for a total purchase price of $12.5 million. The acquisition (completed May 2022) expands CECO's industrial water capabilities, adds a short-cycle revenue mix, and is expected to be accretive to EBITDA, EPS, and free cash flow in 2022.
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