Thermon 收购Vapor Power

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AUSTIN, TX / ACCESSWIRE / January 2, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced it acquired Vapor Power International and its affiliates, ("Vapor Power"), a leading provider of high-quality industrial process heating solutions.
德克萨斯州奥斯汀 / ACCESSWIRE / 2024年1月2日 / Thermon Group Holdings， Inc.（纽约证券交易所代码：THR）（“Thermon”），作为全球工业工艺供暖解决方案的领导者，今日宣布收购了Vapor Power International及其关联公司（“Vapor Power”），该公司是领先的高品质工业工艺供暖解决方案提供商。
Thermon's CEO and President Bruce Thames said, "I am pleased to announce our recent acquisition of Vapor Power, an innovative, growing company specializing in electric and gas fired boilers. Our investment marks another important step forward in executing our strategy to profitably grow through decarbonization, diversification and digitization initiatives. This acquisition expands the portfolio to include electric resistance, electrode and super critical coil tube boilers and steam generators. By adding these products to our portfolio, we are accelerating our diversification into attractive end markets while increasing our exposure to the large and growing electrification and decarbonization opportunities. The addition provides an expanded range of sustainability solutions we can now offer our large installed base of global customers. Together with the talented team from Vapor Power, we will play a pivotal role in accelerating the transition to cleaner energy sources across a diverse range of global end markets."
Thermon的首席执行官兼总裁Bruce Thames表示：“我很高兴宣布我们最近收购了Vapor Power，这是一家专注于电和燃气锅炉的创新且不断发展的公司。我们的投资标志着通过脱碳、多元化和数字化计划实现盈利增长战略的又一重要进展。此次收购扩大了产品组合，涵盖电阻、电极及超临界线圈管锅炉和蒸汽发生器。通过将这些产品纳入我们的产品组合，我们加速了向有吸引力的终端市场的多元化，同时增加了对大型且不断增长的电气化和脱碳机会的敞口。此次新增项目为我们提供了更广泛的可持续发展解决方案，我们现在可以向庞大的全球客户群提供服务。与Vapor Power才华横溢的团队携手，我们将在加速全球多样化终端市场向清洁能源转型方面发挥关键作用。”
Vapor Power realized revenue of over $50 million in the calendar year ended December 31, 2023. Thermon expects the transaction to be accretive to GAAP earnings per share in the first twelve months. The acquisition was funded with cash on hand and an expanded term loan under Thermon's existing credit agreement.
Vapor Power在截至2023年12月31日的日历年度实现了超过5000万美元的收入。Thermon预计该交易将在前12个月内对GAAP每股收益产生累积效应。此次收购资金来源于手头现金和Thermon现有信贷协议下的延长期限贷款。
Thermon acquired Vapor Power from an investment group led by Stone Pointe, LLC and members of Vapor Power's management team. Thermon was represented by Fifth Third Securities, Inc. as financial adviser and Shook, Hardy & Bacon LLP as legal counsel. Vapor Power was advised on the transaction by CIBC US Middle Market Investment Banking and Locke Lord LLP.
Thermon从由Stone Pointe， LLC及Vapor Power管理团队成员领导的投资集团手中收购了Vapor Power。Thermon由Fifth Third Securities， Inc.担任财务顾问，Shook， Hardy & Bacon LLP担任法律顾问。Vapor Power在此次交易中由CIBC US Middle Market Investment Banking和Locke Lord LLP提供咨询.

VAPOR POWER相关产品

ABOUT VAPOR POWER
Vapor Power specializes in a combination of leading electric, electrode and low emissions technology rated for a broad range of operating pressures that allows customers to meet decarbonization goals. Vapor Power and its affiliates operate from facilities in Illinois and Tennessee, and serves customers across a diverse array of end markets, including commercial, food & beverage and general industrial.
Vapor Power专注于结合领先的电力、电极和低排放技术，这些技术适用于广泛的操作压力，使客户能够实现脱碳目标。Vapor Power及其附属公司在伊利诺伊州和田纳西州设有设施，并为包括商业、食品饮料及一般工业在内的多种终端市场的客户提供服务。
ABOUT THERMON
Through its global network, Thermon provides safe, reliable and mission critical industrial process heating solutions. Thermon specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. Thermon is headquartered in Austin, Texas.
通过其全球网络，Thermon提供安全、可靠且关键的工业过程加热解决方案。Thermon专注于提供完整的流动保证、过程加热、温度维护、防冻保护和环境监测解决方案。Thermon总部位于德克萨斯州奥斯汀。