CECO Environmental Announces Closing of Acquisition of Profire Energy

CECO Environmental Corp. has completed its acquisition of Profire Energy, Inc. as of January 3, 2025, for approximately $122.7 million. The acquisition, financed through cash and borrowings, follows a cash tender offer initiated on October 28, 2024. Profire's common stock is no longer publicly listed. CECO's CEO, Todd Gleason, expressed optimism about the integration and growth opportunities in new energy and industrial markets.