Thermon Group Holdings, Inc., a leading global provider of highly engineered thermal solutions for process industries, announced terms for its IPO on Wednesday. The San Marcos, TX-based company plans to raise $130 million by offering 10 million shares at a price range of $12 to $14. At the mid-point of the proposed range, Thermon Group will command a market value of $397 million. Thermon Group, which was founded in 1954 and booked $229 million in sales last year, plans to list on the NYSE under the symbol THR. Barclays Capital and Jefferies & Co. are the lead underwriters on the deal, for which timing was not disclosed.
