CECO Environmental

CECO Environmental Corp. is an American industrial technology company founded in 1966 and headquartered in Dallas, Texas. It is publicly traded on the Nasdaq Stock Market under the ticker symbol CECO. The company provides air pollution control technology, products, and services for industrial markets, including manufacturing, chemical processing, energy, and refining.^[1]

Currently (2013.12) the company owns twelve subsidiaries.^[2] CECO Environmental acquired Met-Pro Corporation in August 2013.^[3] The acquisition was described by industry publications as significantly expanding CECO Environmental’s scale and portfolio in industrial air pollution control markets.^[4]

In September 2023, it was announced CECO Environmental had acquired the Pinellas Park, Florida-headquartered custom-engineered industrial water recycling and energy conservation company, Kemco Systems.^[5]

CECO Environmental's products are organized into two operating segments: Engineered Systems and Industrial Process Solutions.^[6]

CECO provides custom-engineered systems and modular packages used to manage industrial air emissions and process fluids, including equipment such as scrubbers, cyclones, and filtration systems for particulate and emissions control applications.^[7]

CECO also supplies engineered and configured products and related services used in industrial applications, including components and systems such as dampers and diverters, expansion joints, dust collectors, thermal oxidizers, wet and dry scrubbers, separators and coalescers, and water treatment packages.^[8]

In February 2026, CECO announced an agreement to combine with Thermon Group. CECO stated that Thermon's offerings include process heating, heat tracing, and temperature management systems, which would expand CECO's portfolio into thermal solutions if the transaction is completed.^[9][10]

CECO has expanded its portfolio over time through acquisitions across industrial air, industrial water, and combustion and safety solutions.

In 2015, CECO acquired Dallas-based PMFG, Inc. in a deal valued at about $150 million.^[11] Local business reporting later linked this acquisition period to CECO’s shift of its headquarters presence from the Cincinnati area to the Dallas region.^[12]

In January 2023, CECO acquired UK-based noise control systems manufacturer Wakefield Acoustics Ltd.^[13] Later in 2023, the company acquired Transcend Solutions, a Houston-based process filtration solutions firm.^[14] In September 2023, World Pumps reported CECO’s acquisition of Kemco Systems, an industrial water recycling and energy conservation business headquartered in Pinellas Park, Florida.^[15]

In December 2024, CECO acquired Verantis Environmental Solutions Group, which the company described in its SEC filings as an engineering services and equipment systems provider focused on exhaust air treatment for industrial and high technology manufacturing processes.^[16] In early 2025, CECO completed its acquisition of Profire Energy in an all-cash transaction at $2.55 per share, described by Nasdaq as totaling approximately $125 million.^[17]

In February 2026, CECO Environmental announced that it had entered into a definitive agreement to acquire Thermon Group Holdings, Inc., a Houston-based industrial process heating and thermal management company, in a cash-and-stock transaction valued at approximately $2.2 billion. The boards of both companies unanimously approved the transaction, which is expected to close in mid-2026, subject to regulatory and stockholder approvals.^[18][19]

Under the terms of the agreement, Thermon shareholders will be able to elect to receive a combination of cash and CECO stock, all-cash consideration, or all-stock consideration, with CECO shareholders expected to own a majority of the combined company following closing. The acquisition is designed to broaden CECO’s portfolio by adding Thermon’s thermal solutions capabilities, including heat tracing and temperature management systems.^[20][21]

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