About Thermon
Thermon is a company based in San Marcos (United States) founded in 1954 was acquired by Audax Private Equity in September 2007. It operates as a Professional Services and Direct-to-Consumer (D2C). Thermon has raised $10 million across 1 funding round from investors including Audax Private Equity. The company has 1,570 employees as of March 31, 2024. Thermon has completed 3 acquisitions, including CCI Thermal Technologies, Vapor Power and unitemp. Thermon offers products and services including Heat Trace Solutions, Heating Systems, Transportation Heating, Temporary Power Solutions, and Tubing Bundles. Thermon operates in a competitive market with competitors including MKD Electric, Profarma, Enerveo, RULKA ELECTRICALS and Artic Building Services, among others.
- Headquarter San Marcos, United States
- Employees 1570 as on 31 Mar, 2024
- Stage Public
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Sectors
Business Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Thermon Group Holdings, Inc.
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Annual Revenue
$498.21 M (USD)0.72as on Mar 31, 2025
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Net Profit
$53.52 M (USD)3.74as on Mar 31, 2025
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EBITDA
$103.56 M (USD)7.07as on Mar 31, 2025
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Apr 12, 2010
- Investors
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Employee Count
1570
as on Mar 31, 2024
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Investments & Acquisitions
CCI Thermal Technologies
& 2 more
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Acquired by
Audax Private Equity
(Sep 04, 2007)
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IPO & Listings of Thermon
Thermon is a publicly listed company on the NYSE with ticker symbol THR in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Thermon
Thermon offers a comprehensive portfolio of products and services, including Heat Trace Solutions, Heating Systems, Transportation Heating, Temporary Power Solutions, and Tubing Bundles.
Solutions for heat tracing in industrial applications are provided.
Heating systems for various industrial sectors are offered.
Heating solutions for transportation industries are developed.
Temporary power systems for industrial use are supplied.
Preinsulated tubing bundles for heating purposes are manufactured.
People of Thermon
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Sales and Marketing
56 people
Software Development Team
40 people
Creative and Marketing Team
30 people
Product Management Team
14 people
Project Team
10 people
Finance and Accounting
9 people
Leadership Team
9 people
Operations Team
7 people
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Funding Insights of Thermon
Thermon has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in April 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Thermon
Thermon has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Audax Private Equity.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in middle market companies across North America.
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Investor details for Thermon
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
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Investments & Acquisitions by Thermon
Thermon has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CCI Thermal Technologies, Vapor Power and unitemp.
Investment portfolio details for Thermon
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Temperature sensors and industrial heating products are developed by unitemp.
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Locked | Locked | 1997 | Locked | |
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Thermal technologies are developed and supplied for industrial uses.
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Locked | Locked | 1964 | Locked | |
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Packaged boiler systems are manufactured for commercial applications.
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Locked | Locked | 1903 | Locked |
Complete acquisition details for Thermon
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- Transaction dates
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- Domains and locations
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Financial Statements - Thermon
Detailed financials for Thermon
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- Profit trends
- Statement rows
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Thermon Comparisons
Peer comparison for Thermon
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- Headcount comparison
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- Operating benchmarks
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Competitors of Thermon
Thermon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MKD Electric, Profarma, Enerveo, RULKA ELECTRICALS and Artic Building Services, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Industrial electrical contracting and maintenance services are provided.
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Healthcare distribution and retail services are provided.
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Electrical and mechanical contracting services for infrastructure projects are provided.
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Commercial electrical services are provided for industrial clients.
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| Locked | Locked | Locked |
Electrical services are provided for building projects and maintenance.
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Detailed competitors of Thermon
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- Full company profiles
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Latest news on Thermon
Complete news archive for Thermon
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Thermon
Thermon was founded in 1954 and raised its 1st funding round 56 years after it was founded.
Thermon is headquartered in San Marcos, United States. It is registered at San Marcos, Texas, United States.
Thermon is a funded company, having raised a total of $10M across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Thermon is 1,570.
Annual revenue of Thermon is $498.21M as on Mar 31, 2025.
Thermon is recognized as a global leader in industrial heating solutions. Comprehensive services are offered for heat trace systems, heating systems, temporary power solutions, transportation heating, and tubing bundles. Various industries including chemical, oil and gas, power generation, food and beverage, and renewables are served. Innovative products like the Thermon Quantum Truflow Heater and Genesis Network for heat trace control are developed. Decarbonization and electrification efforts are supported through advanced technologies. Safe, reliable, and environmentally responsible solutions for temperature maintenance, freeze protection, and flow assurance are ensured.
Thermon's top competitors include MKD Electric, RULKA ELECTRICALS and Profarma.
Thermon offers Heat Trace Solutions, Heating Systems, Transportation Heating, Temporary Power Solutions, and Tubing Bundles.
Yes, Thermon is publicly traded on NYSE under the ticker symbol THR.
Thermon has made 3 acquisitions, including CCI Thermal Technologies, Vapor Power, and unitemp.
Thermon has 1 investor. Key investors include Audax Private Equity.
The ticker symbol of Thermon is THR on NYSE.