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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”)

CECO is a global leader in industrial air quality and fluid handling serving a broad landscape of industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom Engineered Systems for applications including power generation, petrochemical processing, general industrial, refining, midstream oil & gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol “CECE.” For more information, please visit https://www.cecoenviro.com

About The McLean Group

The McLean Group is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure and Maritime 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.

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