On Tuesday, August 9, executives and guests of Thermon Group Holdings, Inc. visited the New York Stock Exchange (NYSE). In honor of the occasion, President & Chief Executive Officer Rodney Bingham rang The Closing Bell.

President & Chief Executive Officer Rodney Bingham rings The Closing Bell

Thermon hosted the first meeting in 2011 of the United States National Committee (USNC) of the International Electrotechnical Commission, Technical Management Committee and Council on 19 & 20 January at its corporate headquarters in San Marcos, Texas.

Founded in 1906, the IEC (International Electrotechnical Commission) is the world’s leading organization for the preparation and publication of International Standards for all electrical, electronic and related technologies. These are known collectively as “electrotechnology”. The U.S. National Committee of the International Electrotechnical Commission (USNC/IEC) serves as the focal point for U.S. parties who are interested in the development, promulgation and use of globally-relevant standards for the electotechnical industry. The Committee is also engaged in the assessment of conformance to standards, undertaking work in areas such as testing, certification and accreditation.

The meeting was lead by President Philip M. Piqueira of General Electric Co., Vice President Technical Alec McMillan, of Rockwell Automation and Vice President Finance Lori L. Tennant of Schneider-Electric North American Square D Co. Attendees were welcomed by Ben Johnson, Senior Consultant for Thermon. Approximately 40 members and officers of the USNC governance group attended.

When we introduced our Terminator line of connection kits, we set the bar of innovation high. The Terminator Beacon end-of-circuit light raises the bar even higher.

End of circuit lights are used to give visual indication that the circuit is energized. Heat tracing circuits often terminate at inaccessible and inconvenient locations. It is an advantage to have a light that can be seen day or night from virtually any location. The “Beacon” has this capability. Our “Beacon” has 32 LED’s and gives superior viewing, day or night, from virtually any vantage point. Our Terminator DL and ZL kits use a single DIN rail mounted LED. We always felt we could do better. We challenged our R&D group to develop an end of circuit light that was unique and cost effective.

They embraced the challenge and developed the Terminator “Beacon” DE-B and ZE-B end of circuit light. Heat tracing systems around the world basically operate on (5) standard voltages. Having the correct end of circuit light in stock can be expensive and a logistics nightmare. The “Beacon” operates on every voltage from 100 to 277 volts. If you have it in stock it will work with your heat tracing system.

It is easy to assemble. Requires only a few tools, all of which are commonly used during heat tracing installations.

Click here for more details . . .

April 30, 2010

Code Hennessy & Simmons LLC (“CHS”) announced it has made a majority equity investment in Thermon Group Holdings, Inc., a leading global manufacturer of heat tracing equipment based in San Marcos, Texas. Funds for CHS’ investment in Thermon come from CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005. The investment represents a partnership among CHS, Thompson Street Capital Partners and Thermon’s senior management.

Thermon’s products are dedicated to the external heating of piping, vessels and instruments for the purposes of freeze protection, process temperature maintenance, environmental monitoring and surface snow and ice melting. Thermon offers a full suite of electric and steam heat tracing equipment for the petrochemical, oil and gas, engineering, and power industries. For additional information about Thermon, please refer to the company’s website at www.thermon.com.

Thermon CEO Rodney Bingham said, “We were impressed with CHS’ deep experience in the infrastructure and industrial products space. Their expertise will be quite valuable as we expand globally, diversify our end-markets and introduce complementary products and services.”

Dan Hennessy, Partner at CHS, said, “Thermon is regarded as a pioneer in the heat tracing industry and well respected for their technical expertise and high customer service levels. We are pleased to partner with Thermon to pursue numerous growth opportunities, both organically and through acquisitions.”

The investment in Thermon complements CHS’ Infrastructure & Industrial Products portfolio, which currently includes Gundle/SLT Environmental, Inc., a leading designer and manufacturer of geosynthetic lining solutions; LVI Services Inc., the nation’s largest remediation and facility services firm; and Penhall International Corporation, the U.S. leader in concrete cutting, breaking, excavation and highway grinding services.

CHS is a Chicago-based private equity firm focused on investing in middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $75 million and $1.0 billion. With particular expertise in the Infrastructure & Industrial Products, Business & Consumer Services, Distribution and Consumer sectors, CHS has completed 73 platform investments and 219 add-on investments. Founded in 1988, CHS has formed five private equity funds and currently manages over $2.8 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.

Thermon is pleased to announce the availability of our New CompuTrace-ST V 3.0 software for basic steam tracing design. To download a complimentary copy, please visit: http://www.thermon.com/software/computracest.aspx.

The new CompuTrace-ST V 3.0 program designs steam tracing for maintaining higher temperatures and SafeTrace® Isolated Tracing for freeze protection and lower temperature maintenance. CompuTrace-ST includes reference information for proper steam tracing installation, as well as case studies from users of Thermon steam tracing products.

Our CompuTrace - IT for instrument tubing, CompuTrace - VT for tank and vessels, and CompuTrace for electric heat tracing of pipes also continue to be available.

Thermon expands our line of MIQ Heating Cables with laser welded fittings made with seamless alloy 825 sheath and high nickel alloy hot to cold and hot end fittings. Fittings are joined using laser welding to form completely sealed connections.