Thermon Acquires Vapor Power And Its Affiliates, A Provider Of Industrial Process Heating Solutions; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Thermon Group Holdings, Inc. has acquired Vapor Power International, LLC, a provider of industrial process heating solutions. Vapor Power generated over $50 million in revenue for the year ended December 31, 2023. The acquisition is expected to be accretive to Thermon's GAAP earnings per share in the first twelve months post-acquisition. The seller was an investment group led by Stone Pointe, LLC, along with Vapor Power's management team. Financial terms of the deal were not disclosed.
January 02, 2024 | 12:03 pm
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Thermon Group Holdings, Inc. (THR) has acquired Vapor Power, which had over $50 million in 2023 revenue. The acquisition is expected to be accretive to earnings per share in the first year.
The acquisition of Vapor Power is likely to have a positive short-term impact on Thermon's stock price as it is expected to be accretive to earnings per share. This indicates potential growth and profitability, which can be attractive to investors. The confidence level is high due to the clear expectation set by Thermon, but not at 100 because financial terms were not disclosed, which could have provided more detailed insights into the deal's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100