CIBC US MIDDLE MARKET INVESTMENT BANKING ADVISES VAPOR POWER INTERNATIONAL ON ITS SALE TO THERMON GROUP HOLDINGS, INC. (NYSE:THR)
Milwaukee, Wisconsin, January 15, 2024 – CIBC US Middle Market Investment Banking is pleased to announce that its client, Vapor Power International (“Vapor Power” or the “Company) has been acquired by Thermon Group Holdings, Inc. (NYSE:THR). CIBC US Middle Market Investment Banking acted as exclusive financial advisor to Vapor Power in this transaction.
Vapor Power is a leading provider of high-quality industrial process heating solutions with a broad product set sold through two globally-recognized brands: Vapor Power and Precision Boilers. Vapor Power products offer a unique and proven technology that can operate at a high pressure and temperature but with small footprints. The products are recognized for rapid start-up, reliability and control.