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
*********
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Website
*********
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Social
*********
- Legal Name Thermon Group Holdings, Inc.
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Annual Revenue
$498.21 M0.72as on Mar 31, 2024
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Net Profit
$53.52 M3.74as on Mar 31, 2024
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EBITDA
$103.56 M7.07as on Mar 31, 2024
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.0M
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First Round
First Round
(12 Apr 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2010 | Amount | Series A - Thermon | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thermon
Thermon has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Audax Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in middle market companies across North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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1997 | ||||
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Thermal technologies are developed and supplied for industrial uses.
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1964 | ||||
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Packaged boiler systems are manufactured for commercial applications.
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1903 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Thermon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thermon Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Industrial electrical contracting and maintenance services are provided.
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| domain | founded_year | HQ Location |
Healthcare distribution and retail services are provided.
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| domain | founded_year | HQ Location |
Electrical and mechanical contracting services for infrastructure projects are provided.
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| domain | founded_year | HQ Location |
Commercial electrical services are provided for industrial clients.
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| domain | founded_year | HQ Location |
Electrical services are provided for building projects and maintenance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thermon
Frequently Asked Questions about Thermon
When was Thermon founded?
Thermon was founded in 1954 and raised its 1st funding round 56 years after it was founded.
Where is Thermon located?
Thermon is headquartered in San Marcos, United States. It is registered at San Marcos, Texas, United States.
Is Thermon a funded company?
Thermon is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Apr 12, 2010.
How many employees does Thermon have?
As of Mar 31, 2024, the latest employee count at Thermon is 1,570.
What is the annual revenue of Thermon?
Annual revenue of Thermon is $498.21M as on Mar 31, 2024.
What does Thermon do?
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.
Who are the top competitors of Thermon?
Thermon's top competitors include MKD Electric, RULKA ELECTRICALS and Profarma.
What products or services does Thermon offer?
Thermon offers Heat Trace Solutions, Heating Systems, Transportation Heating, Temporary Power Solutions, and Tubing Bundles.
Is Thermon publicly traded?
Yes, Thermon is publicly traded on NYSE under the ticker symbol THR.
How many acquisitions has Thermon made?
Thermon has made 3 acquisitions, including CCI Thermal Technologies, Vapor Power, and unitemp.
Who are Thermon's investors?
Thermon has 1 investor. Key investors include Audax Private Equity.
What is Thermon's ticker symbol?
The ticker symbol of Thermon is THR on NYSE.