Ceco Environmental buys Compass Water Solutions

Ceco Environmental Corp has acquired Compass Water Solutions Inc, a US supplier of membrane-based industrial water and wastewater treatment systems, in a US$12.5 million deal.

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Tustin, California-headquartered Compass Water Solutions has an installed base of over 8,000 systems worldwide. The company generated revenue of approximately US$11 million in 2021. Aftermarket parts and services represent approximately 40% of Compass Water Solutions’ current revenues.

“Compass adds critical engineered solutions, and an experienced leadership team, to our growing industrial water capabilities, and we are excited to welcome them to the Ceco organisation,” said Todd Gleason, CEO of Ceco Environmental. “Ceco has completed three industrial water acquisitions in 2022 and each share our common mission to protect people, the environment, and industrial equipment. We expect that these businesses, when coupled with our global footprint and leading brands, will continue to drive strong revenue and income growth in this strategic market,” added Gleason.