Mayer Brown announced today that it represented Profire Energy, Inc. (NASDAQ:PFIE), an innovative provider of industrial burner management and combustion systems solutions, on its $125 million all-cash sale to CECO Environmental Corp. (NASDAQ:CECO), a leading environmentally focused, diversified industrial company, through a two-step merger.

The transaction, unanimously approved by Profire’s board of directors, is expected to close in the first quarter of 2025, subject to customary closing conditions, including regulatory approvals and the tender of at least a majority of Profire’s outstanding shares.

The Mayer Brown team was led by partners Sam Gardiner and Ryan Ferris and included partners Bruce Perce, Stephanie Vasconcellos, Rich Assmus, Lauren Shurman, Scott Perlman, David Saye, Jason Bazar, Karen Kim, Ryan Liebl, and Arsen Kourinian; counsel Roger Patrick; and associates Alec Dussault, Lorenz Taets, Laura Kent-Jensen, Kiersten Daly, Ryan Lifland, Josh Cohen, Xiao Xiao, and Grant Uhler.