Diligence memo · auto-generated · as of July 2, 2026
Thermon Group Holdings, Inc.
Thermon Group Holdings, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Thermon Group Holdings, Inc. operates in Manufacturing, based in Chicago.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Thermon Group Holdings, Inc. has raised $140M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $129M on 2010-03-26.
Most recent recorded round closed around 2010-03-26.
Valuation (modeled)modeled
Provath models Thermon Group Holdings, Inc. at approximately $1.5B (range $746M–$3.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.91× the median modeled value of Series D+ Manufacturing companies in 2010–2012 (16 peers) — value vs value, same stage and era. Within the normal band (91% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 16.3 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 11.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Manufacturing peers (3257 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Picasso Parent Company, Inc., Teledyne Technologies Inc, Mcron Acquisition Corp., IHC Holding Corp., Thermadyne Technologies Holdings, Inc..
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.