About Thermon
Thermon is a publicly listed company based in San Marcos (United States) founded in 1954, and was acquired by Audax Private Equity in September 2007. Engineered thermal solutions are provided for industrial heat tracing applications. It operates on a Professional Services and Direct-to-Consumer (D2C) model. Thermon has raised $10 million across 1 funding round from investors including Audax Private Equity. The company has 1,570 employees. Thermon has completed 3 acquisitions, including CCI Thermal Technologies, Vapor Power and unitemp. Its website thermon.com draws about 45 thousand monthly visits. Its Indian entity Thermon India Private Limited reported revenue of ₹74.56 Cr. Thermon offers products and services including Heat Trace Solutions, Heating Systems, Transportation Heating, Temporary Power Solutions, and Tubing Bundles. Its focus areas include Industrial Goods, Industrial Equipment and Heating Solutions.
Company details
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.
- Headquarters San Marcos, United States
- Employees 1,570
- Stage Public
- SectorsBusiness Services
- Website thermon.com
- Social LinkedIn X Instagram YouTube
- Acquired by Audax Private Equity (Sep 2007)
- Legal Name Thermon Group Holdings, Inc.
- Indian entity revenue₹74.56 Cr
FY 2025 · +24% YoY
- Indian entity net profit₹6.47 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹9.69 Cr
FY 2025 · 13% margin
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Series A
Apr 2010
- Investors
- Employee Count1,570
- Investments & AcquisitionsCCI Thermal Technologies
& 2 more
- Acquired byAudax Private Equity
(Sep 2007)
Associated legal entities of Thermon
Thermon operates through Thermon India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Thermon India Private Limited CIN U99999MH1983PTC030628 | Active | 16 Aug 1983 | Pune, Maharashtra | ₹74.6 Cr | 98 | 3 | View details |
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.
Apps and channels of Thermon
its YouTube channel Thermon has 73 subscribers and 30 videos.
Videos from Thermon
The most watched videos on Thermon's YouTube channel, Thermon (73 subscribers). Click a video to play it here.
More on Thermon.
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 $10M
- Total Rounds 1
- Last Round Series A — $10M
- First Round $10M
(Apr 2010)
All 1 funding rounds of Thermon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2010 | $10M | Series A | – | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Private equity investments in middle market companies across North America. | audaxprivateequity.com |
Investor details for Thermon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Thermon India Private Limited (Thermon)
Thermon India Private Limited is the primary company behind Thermon. The board of Thermon India Private Limited currently have 3 directors; the longest-serving is Prasad Shripad Shetye, appointed in 2014. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasad Shripad Shetye DIN 07089912 | Director | 29 Dec 2014 | 11 yrs 9 mo | Thermon India Private Limited |
| Bruce Alan Thames DIN 07028305 | Director | 01 Apr 2016 | 10 yrs 6 mo | Thermon India Private Limited |
| Jan Leigh Schott DIN 11190211 | Director | 01 Oct 2025 | 1 yr | Thermon India Private Limited |
People of Thermon
228 people are tracked at Thermon (37 in leadership, 191 in team); the tracked headcount is 1,570.
| Name | Role | Group |
|---|---|---|
| Sales Director - India & Middle East | Leadership | |
Jay C. Peterson | Chief Financial Officer | Leadership |
Thomas N. Cerovski | Senior Vice President, Global Sales | Leadership |
Andy Russell | Usa/lam Project Sales Director | Leadership |
Michel Salsmans | Sales Director Central Europe | Leadership |
Peter Klerkx | EMEA Project Sales & Business Development Director | Leadership |
Rene Van Der Salm | Senior Vice President, Global Operations | Leadership |
Mark Roberts | Senior Vice President, Global Engineering & Project Services | Leadership |
Waleed Othman Pe, P.eng, Pmp | Director - Global Project & Engineering Services | Leadership |
James A. Pribble II | Senior Vice President, Thermon Heating Systems | Leadership |
David Buntin | Senior Vice President, Products & Technology | Leadership |
Britt Garner | Director, Compensation & Benefits | Leadership |
Maribel Socorro-Beguerie | Director, Human Resources Business Partner-western Hemisphere | Leadership |
Candace Peterson | VP HR | Leadership |
Troy Vackar | Vice President, Research And Development | Leadership |
Greg Lucas | Chief Accounting Officer (cao) | Leadership |
Frank Rangel | VP Project Global Support | Leadership |
Jay Hahn | Director Corporate Development | Leadership |
Bency Thomas | Director, Strategic Sourcing | Leadership |
Roberto Kuahara | Senior Vice President Of Global Operations | Leadership |
208 more people are available in the full profile.
Complete people profiles for Thermon
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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.
- IPO date05 May 2011
- Listed onNYSE: THR
- Listed entityThermon Group Holdings, Inc.
- Exchange sectorProducer manufacturing
- ISINUS88362T1034
- Share price$65.66 (+0.52% on the day) · 2026-05-11
- Market capitalisation$2.16B
- Price to earnings37.3
- EPS (diluted, trailing year)$1.76
- Volume (last session)647,265
- Analyst consensusNeutral
Financials of Thermon
Figures of Thermon India Private Limited, the primary company behind Thermon, for FY 2025. Revenue was ₹74.56 Cr (+24% year on year). Net profit was ₹6.47 Cr (9% margin). EBITDA was ₹9.69 Cr (13% margin). Revenue has grown at a compounded annual rate of +39% over three years and +17% over five years.
- ₹74.56 CrRevenue · FY 2025 · +24% YoY
- ₹6.47 CrNet profit · 9% margin
- ₹9.69 CrEBITDA · 13% margin
- ₹65 LakhPaid-up capital
- 98Employees (provident fund records)
- +39%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $498.2M | $53.5M | $103.6M |
| 2023 | $494.6M | $51.6M | $96.7M |
| 2022 | $440.6M | $33.7M | $78.2M |
| 2021 | $355.7M | $20.1M | $60.1M |
| 2020 | $276.2M | $877,000 | $36.8M |
Balance sheet, profit and loss, cash flow and ratios of Thermon India Private Limited are on its company page.
Detailed financial statements for Thermon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Packaged boiler systems are manufactured for commercial applications. | vaporpower.com | Franklin Park, United States | 1903 | Jan 2024 | •••• | |
Thermal technologies are developed and supplied for industrial uses. | ccithermal.com | Edmonton, Canada | 1964 | Nov 2017 | $206.23M | |
Temperature sensors and industrial heating products are developed by unitemp. | unitemp.com | Johannesburg, South Africa | 1997 | Dec 2014 | •••• |
Complete acquisition details for Thermon
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of Thermon
7 dated milestones of Thermon across 70 years, from founding to its latest funding, stage changes and deals.
- Founded Thermon is founded.
- Exit Acquired by Audax Private Equity.
- Funding First funding round of $10.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires unitemp.
- Acquisition Acquires CCI Thermal Technologies.
- Acquisition Acquires Vapor Power.
Web traffic of Thermon
The website of Thermon (thermon.com) receives about 44.6K visits a month.
- Monthly visits44.6K
▲ 6.7% vs previous month
Websites whose visitors overlap most with Thermon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| raychem.com | 100% | 21.8K | #1,368,542 | View details | |
| airmonitor.com | 99% | 6.5K | #3,153,269 | View details | |
| eone.com | 99% | #1,948,552 | View details | ||
hurleywire.com | hurleywire.com | 93% | #7,755,769 | – | |
| distributioninternational.com | 93% | 31.1K | #939,761 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for Thermon
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- 26 similar websites
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Top companies in Facility & Event Management Services
3 companies that operate in the same segment as Thermon (Facility & Event Management Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Live entertainment events and ticketing services are managed worldwide. | 2005 | Beverly Hills, California, United States | USD 25.2 B | 16,200 | ||
Elevators, escalators, and moving walkways are manufactured, installed, and serviced. | 1853 | Farmington, United States | USD 14.43 B | 72,000 | ||
Developer, operator, and franchisor of trampoline and active entertainment parks | 2004 | Provo, Utah, United States | 335 |
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Related news about Thermon
Complete news archive for Thermon
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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. The company's 1st funding round was a Series A of $10M, raised on Apr 2010.
Thermon has 1,570 employees.
The primary company behind Thermon, Thermon India Private Limited, reported revenue of ₹74.56 Cr for FY 2025, up 24% year on year.
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 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.
Thermon operates through Thermon India Private Limited.
Yes. Thermon was acquired by Audax Private Equity in September 2007.