CECO Environmental Completes Acquisition of Thermon Group Holdings

About this update from Ceco Environmental Corp.

Company Announces Investor Call for June 9th ADDISON, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) (“CECO”), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced the completion of its previously announced strategic combination with Thermon Group Holdings, Inc. (“Thermon”), a diversified industrial technology company and a global leader in industrial process heating solutions. As previously disclosed, the combined company will operate as CECO Environmental and continue to be led by Chief Executive Officer Todd Gleason and the CECO Board of Directors, now including two former Thermon Directors, Victor Richey and Marcus George. “This is a transformative milestone for CECO,” said Todd Gleason, Chief Executive Officer of CECO. “With the combination now complete, we are well positioned to deliver long-term value for shareholders, expand our exposure to key global trends, and further establish CECO as a premier provider of engineered solutions. We are pleased to welcome Victor and Marcus to our Board of Directors as well as the tremendous Thermon associates to our organization. I look forward to executing on the opportunities ahead to drive sustained growth and value for our customers and stakeholders.” Under the terms of the merger agreement, the former shareholders of Thermon received cash and/or shares of CECO common stock, at their election and subject to proration and the other terms and conditions set forth in the merger agreement. Conference Call and Webcast Information CECO will host a 30-minute conference call and webcast on Tuesday, June 9th, at 8:30 AM ET to discuss the combination and an update on integration and synergy matters. Participants may access the webcast, including an associated presentation, on the Investor Relations section of the CECO website. The details for the webcast are: When: Tuesday, June 9 at 8:30 a.m. Eastern Time Where: https://edge.media-server.com/mmc/p/7hamwqdoHow: Live over the internet – Simply log on to the web at the address above Register to receive the dial-in info and a unique pin: https://register-conf.media-server.com/register/BI874fc78c2e7546b18ca549d61d56ff4d A replay to the conference call will be available on the Company's website shortly after the live webcast has concluded...

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