The McLean Group Advises Compass Water Solutions on Its Sale to CECO Environmental
McLean, Va. – June 1, 2022 – The McLean Group is pleased to announce that it advised Compass Water Solutions (“Compass”) on its sale to CECO Environmental (Nasdaq: CECE). Compass is a leading global supplier of membrane-based, industrial water and wastewater treatment systems that help customers achieve regulatory compliance of water discharge at the lowest lifecycle cost.
The transaction adds critical engineered solutions and an experienced leadership team to CECO’s growing industrial water capabilities. CECO expects the Compass acquisition to unlock greater value by leveraging CECO’s international sales resources, existing US Navy expertise, and global engineering and production footprint. In addition to market growth rates, the expected stricter water discharge regulations coupled with hard-to attain international certifications are expected to drive higher sales.
Over the past four decades, Compass has taken a leadership position in offering advanced membrane oily water separation (OWS) and reverse osmosis (RO) technology solutions to the marine and offshore markets with its industry leading UltraSep, Aqua-Sep®, and CRP-SEP® branded product offerings.
The McLean Group ran a very efficient and thorough M&A process, thereby allowing the Compass team to focus on the daily needs of running the business. McLean’s understanding of the water market was invaluable in finding the ideal strategic partner to further drive our Company’s vision.”
Thomas Farshler – Compass CEO
About Compass Water Solutions
Compass Water Solutions® (“Compass”) is a world-wide leader in the engineering, manufacturing, sales and service of membrane-based water and wastewater treatment systems. Compass helps customers achieve environmental compliance of water discharge (“Assurance against a spill”) at the lowest lifecycle cost using high-capacity oil-water separators, slop-water separators, reverse osmosis water-makers, water filtration and purification technology. The Company is widely recognized for its brand name, international certifications, global installed base and nearly 50 years of application expertise serving multiple industries. Compass has grown in annual revenue by providing highly differentiated solutions that protect marine environments and offshore operators. The Company is headquartered in Tustin, CA and operates an ISO 9001 certified assembly plant. For more information, please visit https://compasswater.com
About CECO Environmental Corp. (Nasdaq: CECE) (“CECO”)
About The McLean Group
For over 30 years, The McLean Group has been providing investment banking and financial services offerings focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, Maritime, Facility Services, Unmanned Systems, and Public Safety markets. Our 60+ professionals bring deep industry experience and relentless execution to every client engagement. We provide solutions that blend financial creativity with operational expertise. Whether we are providing transaction advisory, valuation opinions, or growth capital, our services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
Josh Butler Promoted to Managing Director
McLean, Va. – Monday, January 5, 2026 – The McLean Group, a leading middle-market investment bank specializing in mergers and acquisitions, announced today the promotion of Josh Butler to Managing Director within the firm’s Defense, Government & Intelligence (DGI) Practice.
“Josh has consistently demonstrated exceptional judgment, leadership, and a deep commitment to client success,” said Mitch Martin, Managing Director at The McLean Group. “He has played a critical role in executing complex transactions and advising founders, investors, and management teams across the defense and government services ecosystem. Josh’s promotion reflects both his strong track record and the confidence our firm has in his continued leadership.” […]
McLean advised Rite Solutions in its transaction with Arcfield
The McLean Group advised Rite Solutions on its acquisition by Arcfield, a Veritas Capital portfolio company and leading government technology and mission support provider. The transaction brings together two highly complementary organizations, expanding Arcfield’s capabilities across critical national security mission areas while enabling Rite Solutions to scale its expertise in software development, systems engineering, and undersea warfare. The combination strengthens support for U.S. defense and intelligence customers amid increasing global security demands. […]
Monthly Middle Market M&A Insider Report (November 2025)
The McLean Group’s November 2025 M&A Insider Report highlights key developments shaping the Defense, Government & Intelligence, Security, Critical Infrastructure, Maritime, and Technology sectors. This month’s report features notable transactions involving industry leaders such as Thoma Bravo, Amphenol, Voyager Technologies, Markon, and Armada, underscoring sustained investor interest in defense modernization, cybersecurity, aerospace, and mission-critical technology platforms, even as market participants navigate the post-shutdown operating environment. […]