19. Subsequent Events

Partial redemption of notes

On July 8, 2011, Thermon Industries, Inc. (a subsidiary of Thermon Group Holdings)(the “Note Issuer”)  called for redemption of a portion of its outstanding 9.500% Senior Secured Notes due 2017.  The Note Issuer will redeem $24,590 aggregate principal amount of the outstanding $168,000 aggregate principal amount of the Notes.  The redemption price of the Notes is 109.5% of the principal amount redeemed, plus accrued and unpaid interest thereon until the redemption date, payable in cash. The redemption date will be August 8, 2011.

Expansion of San Marcos manufacturing facility

On July 27, 2011, during construction of the expansion of our manufacturing facility in San Marcos, Texas, a section of the partially completed steel framework collapsed during erection.  One employee of the erection subcontractor to the general contractor was killed.  There were no Thermon employees on the construction site at the time of the incident.  The cause of the incident is under investigation by OSHA.  Present estimates are that completion of the project will be delayed at least three months until the end of the 2012 fiscal year.  We do not expect significant adverse effects on our ability to produce and ship product as a result of the incident because we had built up inventory in preparation of the manufacturing downtime for the equipment move originally scheduled for October/November 2011.