Subsequent Event |
3 Months Ended |
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Jun. 30, 2015 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
On July 31, 2015, Thermon Heat Tracing Services-I, Inc. ("THTS-I"), an indirect subsidiary of Thermon Group Holdings, Inc., acquired 100% of the shares of Industrial Process Insulators, Inc. ("IPI"), for $21,750, subject to customary working capital adjustments. IPI is an insulation contractor serving the refining, petrochemical, power and energy, marine, and pulp and paper industries in the United States, with a particular focus on the Texas and Louisiana Gulf Coast region.
We are currently in the process of determining the fair value of assets acquired and liabilities assumed along with identifying intangible assets acquired and goodwill.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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