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Announcements

Sidley Represents Thermon in Its US$2.2 Billion Combination With CECO Environmental

February 24, 2026
Sidley is representing Thermon Group Holdings, Inc. (NYSE: THR) in its definitive agreement with CECO Environmental Corp. (Nasdaq: CECO) to combine in a stock and cash transaction valued at approximately US$2.2 billion. Thermon provides industrial process heating solutions, and the merger will create a leading industrial mission-critical environmental and thermal solutions company.

The Sidley team is being led by Scott Williams and Matt Stoker (M&A and Private Equity), and it includes Jeffrey Smith (M&A and Private Equity) and Mike Heinz (Capital Markets), as well as Spencer Lee, Alex Theodosakis, Jahanzeb Jahania, Madeleine Larock, Joseph McGowan, and Hannah Vance (M&A and Private Equity); Gregory Marrs, Alexandra M. Peterson, and Steven Szymanski (Employee Benefits); Kelly Dybala and Paul George Jr. (Global Finance); Vadim Brusser and Jason Semmes (Antitrust and Competition); Jim Ducayet (Securities and Shareholder Litigation); Heather Palmer and Sarah Jehl (Environmental); Teresa Reuter, Peter McCorkell, Alex Down, and Beth Anne Scheel (Labor and Employment); William RM Long, Matthias Bruynseraede, and Ben Cross (Privacy and Cybersecurity); Michael Lisak and Camille Sanches (Product Liability and Mass Torts); Liz McCloy, Brandon Bryer, Maria Rogers, and Basil Eastman-Kiesow (Real Estate); and Suresh Advani (Tax).