Compass – ECO

ECO is the leading European manufacturer of coils and coolers for the heating, ventilation, air conditioning and refrigeration industry (“HVACR”). ECO has been producing coils and coolers since 1972.Total sales for the year 2004 were 200m Euro.

Compass Partner is a US fund, founded by Paul Soldatos and John Clark, with specific industrial knowledge in the engineered products sector thanks to the partnership of Allen Yurko, former CEO of stock listed Invensys.

The acquisition presents opportunities to further consolidate the industry and expand into new markets. The first step in this strategy was made by merging ECO with Coiltech, the Nordic leading manufacturer of coils and coolers, formerly part of the FläktWoods Group.

Cross Border thanks to its strong relationship with management and with the private equity sellers, originated the transaction for Compass Partners. During the auction process,

Cross Border helped with establishing Compass’s competitive positioning and advised in all transaction steps.