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Thermon Group files for $144 million IPO

February 2, 2011
THR

Thermon Group Holdings, Inc., which is a leading global provider of highly engineered thermal solutions for process industries, filed on Wednesday with the SEC to raise up to $144 million in an initial public offering. The San Marcos, TX-based company, which was founded in 1954 and booked $211 million in sales for the 12 months ended September 30, 2010, plans to list on the NYSE under the symbol THR. Barclays Capital and Jefferies & Co. are the lead underwriters on the deal. No pricing terms were disclosed.