CECO Environmental

What CECO Environmental does

CECO Environmental (NASDAQ: CECO) is a U.S.-headquartered industrial environmental and thermal solutions provider operating through two reportable segments — Engineered Systems and Industrial Process Solutions — and a portfolio of 30+ acquired brands including Adwest, Fisher-Klosterman, Flex-Kleen, Kirk & Blum, Peerless, HEE-Duall, and the recently merged Thermon Group. The company designs and manufactures highly engineered air pollution control, emissions management, water and wastewater treatment, separation and filtration, and (post-Thermon) industrial process heating and heat tracing systems for power generation, refining and petrochemical, oil and gas, EV battery manufacturing, food and beverage, pharmaceutical, semiconductor, and defense/marine customers across more than 40 countries.

Its core technologies include Regenerative Thermal Oxidizers (2,400+ RETOX installations globally) for VOC/HAP abatement, industrial cyclones and venturi scrubbers (Fisher-Klosterman), biofiltration systems (HEE-Duall Bio-Pro), Selective Catalytic Reduction (EDGE SCR), the patented Inteliair smart air control system, FRP composite louvers for marine/military, and Dean heritage high-temperature pumps prior to their March 2025 divestiture. The combined installed base exceeds 32,000 air pollution control systems, eliminating more than 4.4 billion pounds of pollutants per year and removing 6+ billion tons of NOx historically via SCR technology.

CECO operates 25+ principal facilities across the U.S. and eight countries with regional offices in China, the Netherlands, the UAE, and the UK, selling primarily through direct enterprise field sales and technical sales engineering teams. Pricing is project-by-project based on engineering specifications, with multi-year contracts and a recurring aftermarket parts, services, and remote monitoring (CECO Connect) revenue stream tied to the installed base. FY2025 revenue was $774.4M (up 39% YoY), and following the June 2026 closing of the $2.2B Thermon merger, combined entity 2026 revenue guidance is $1.275B-$1.375B with $195-$225M adjusted EBITDA expectations.

Name

CECO Environmental

Legal name

CECO Environmental Corporation

Website

https://cecoenviro.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

251–500 employees

Short description

CECO Environmental is a U.S.-headquartered industrial company that designs and manufactures engineered air pollution control, emissions management, water treatment, separation/filtration, and (post-Thermon) industrial process heating systems for power, refining, oil and gas, EV battery, and defense customers across 40+ countries.

Ownership category

akta.pro rank

Product category

Industrial Environmental Solutions

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Emissions Controls & Environmental Retrofit Services (SCR/FGD/ESP, CEMS) (EUAEALAL)

akta.pro secondary industries

Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN)

Keywords

• Industrial air pollution control
• Emissions management systems
• Industrial water treatment
• Thermal management solutions
• Separation and filtration

Headquarters

HQ city

Addison

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Engineered Systems Sales: Highly engineered, custom-designed emissions management, product recovery, and water/gas separation solutions sold directly to industrial customers. Revenue recognized upon project completion and delivery. Large project focus with orders exceeding $1 billion annually.
2. Aftermarket Parts and Services: Replacement media, preventive maintenance, repair services, and remote monitoring (CECO Connect) for installed equipment base. Ongoing revenue from installed systems requiring maintenance, media replacement, and upgrades.
3. Process Filtration Solutions: Standard and custom filtration products for industrial process applications including dust collectors, separators, and pumps serving water/wastewater infrastructure markets.
4. Thermal Solutions (Post-Thermon): Industrial process heating, heat tracing, and temperature management systems acquired through Thermon merger, expanding into thermal solutions market for data centers, power, and industrial facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

CECO Environmental designs, manufactures, and services engineered industrial environmental solutions including air pollution control systems (regenerative thermal oxidizers, scrubbers, cyclones, dust collectors, biofiltration, SCR systems), industrial water and wastewater treatment, gas/liquid separation and filtration, and—post Thermon merger—industrial process heating and heat tracing systems. Its solutions are sold primarily through direct enterprise sales to large industrial customers across power generation, refining, petrochemical, oil & gas, EV battery, marine/defense, semiconductor, pharmaceutical, food & beverage, and data center markets, with recurring revenue from aftermarket parts, preventive maintenance, and remote monitoring.

Product overview

CECO Environmental is a diversified industrial company operating over 30 brands that provides mission-critical environmental and thermal solutions. The company offers a comprehensive portfolio organized around two key business segments: Engineered Systems (emissions management, product recovery, and water/gas separation for power generation, refinery, and midstream oil and gas markets) and Industrial Process Solutions (industrial air pollution control, fluid handling, beverage can solutions, EV production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, and wastewater treatment). Core products include Regenerative Thermal Oxidizers (RTOs) under the Adwest and EIS brands, biofiltration systems under HEE-Duall Bio-Pro, industrial cyclones and venturi scrubbers under Fisher-Klosterman, dust collection systems under Flex-Kleen, industrial ventilation under Kirk & Blum, and separation/filtration technologies under Peerless. The company has expanded through strategic acquisitions including Transcend Solutions (process filtration), Wakefield Acoustics (noise control), Western Air Ducts (fume extraction with Inteliair technology), GRC (rubber expansion joints), and DS21 (water treatment). Following the June 2026 merger with Thermon Group, CECO has also entered the thermal solutions market with heat tracing and process heating capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Adwest: Global leader in thermal and catalytic oxidation solutions for reducing VOCs, HAPs, and odorous emissions. Founded in 1988, integrated into CECO in 2012. Over 1,200 installations worldwide.
• Busch
• EIS
• Fisher-Klosterman
• Flex-Kleen
• HEE-Duall
• KB Duct
• Kirk & Blum
• Peerless Separation & Filtration
• Peerless Water
• Kemco Systems
• Compass Water Solutions
• Mefiag
• Emtrol-Buell
• Wakefield Acoustics
• Transcend Solutions
• General Rubber
• Western Air Ducts
• DS21
• GRC
• Aarding
• Burgess-Manning
• Inteliair

Products and services

• Adwest RETOX Regenerative Thermal Oxidizer (RTO)

Quantifiable outcome

• Eliminates more than 4.4 billion pounds of pollutants per year - equivalent to removing more than 50 million passenger vehicles from the road
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

One partnership is on record.

• Thermon Group HoldingscoreStrategic or Co-development Partner · 24 February 2026CECO Environmental completed a strategic combination with Thermon Group Holdings in a stock and cash transaction valued at approximately $2.2 billion. The merger combines CECO's environmental solutions portfolio with Thermon's industrial process heating and thermal management capabilities, creating a comprehensive industrial solutions platform serving energy transition, power generation, and infrastructure markets. The combined entity operates under the CECO Environmental name under CEO Todd Gleason, with expected annual cost synergies of approximately $40 million within 36 months of closing.

Scale indicators21 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Donaldson Company: Donaldson (NYSE: DCI) is the closest direct peer — a leading global manufacturer of filtration systems including dust collectors, industrial air filtration, and gas turbine air intake filters, overlapping heavily with CECO's Flex-Kleen, Kirk & Blum, and Western Air Ducts product lines for industrial air quality.
• SPX Technologies: SPX Technologies (NYSE: SPXC) operates in HVAC and detection/measurement, with the recently divested SPX Heat Transfer and ongoing emissions-related industrial businesses. It overlaps with CECO in engineered industrial solutions and thermal/acoustic equipment.
• Donaldson Company: Already covered as direct peer; reiterating for completeness — Donaldson competes directly in dust collection, air filtration, and industrial emissions across overlapping end markets.
• Babcock & Wilcox Enterprises: B&W (NYSE: BW) provides emissions control solutions for power generation and industrial markets, including SCR systems, dry sorbent injection, and cooling — directly competitive with CECO's EDGE SCR and combustion/emissions solutions for power and refining.
• Alfa Laval: Alfa Laval is a Swedish industrial leader in heat transfer, separation, and fluid handling — directly comparable to CECO's Peerless Separation & Filtration business for oil & gas, refining, and petrochemical customers, and adjacent to post-Thermon thermal solutions.
• Sulzer: Sulzer (SIX: SUN) provides pumps, separation, and flow control for industrial and energy markets, with strong overlap to CECO's Peerless separation technology and former Dean Pump/Fluid Handling business. Comparable mid-cap industrial environmental/process equipment peer.
• Xylem (Evoqua): Xylem (NYSE: XYL), which acquired Evoqua Water Technologies in 2023, is a leader in water and wastewater treatment. Directly comparable to CECO's Peerless Water, Kemco Systems, and Compass Water Solutions industrial water treatment businesses.
• Pentair: Pentair (NYSE: PNR) provides water treatment and fluid handling solutions for industrial and commercial markets, with overlap to CECO's water and wastewater treatment portfolio serving industrial customers.

Broad incumbents

• Atlas Copco: Atlas Copco is a much larger diversified industrial incumbent with compressor, vacuum, and air treatment businesses. Its industrial air and gas treatment division overlaps with CECO's dust collection, blowers, and emissions control solutions, but Atlas Copco operates at significantly greater scale and broader scope.
• Parker Hannifin: Parker Hannifin (NYSE: PH) is a major diversified motion and control technologies company with filtration and engineered materials groups. Its filtration business overlaps with CECO's process filtration (Transcend Solutions) and gas/liquid separation offerings for industrial markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCJRUABREi0RVBYgLD_I4iaQ
• Facebookfacebook.com/CECOEnviro
• LinkedInlinkedin.com/company/ceco-environmental
• Xx.com/ceco_enviro

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries28 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A21 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CECO Environmental