M&A Deal Summary

WRS Infrastructure & Environment Acquires Compass Environmental

On December 18, 2007, WRS Infrastructure & Environment acquired construction company Compass Environmental from The Edgewater Funds

Acquisition Highlights
  • This is WRS Infrastructure & Environment’s 1st transaction in the Construction sector.
  • This is WRS Infrastructure & Environment’s 1st transaction in the United States.
  • This is WRS Infrastructure & Environment’s 1st transaction in Illinois.

M&A Deal Summary

Date 2007-12-18
Target Compass Environmental
Sector Construction
Buyer(s) WRS Infrastructure & Environment
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition

Target

Compass Environmental

Chicago, Illinois, United States
Compass Environmental, Inc. is an environmental engineering and civil construction company servicing a diverse base of commercial, federal and state clients.

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Buyer(S) 1

Buyer

WRS Infrastructure & Environment

Tampa, Florida, United States

Category Company
Founded 1983
Sector Engineering
DESCRIPTION

WRS is an environmental remediation, construction, consulting and engineering company serving both the governmental and industrial markets. The company has multiple locations throughout the country. The company was acquired as a management led “spin-off” from Westinghouse Corporation.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 42
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 19
State (Illinois) 1 of 5
Country (United States) 6 of 41
Year (2007) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 PrivateBancorp

Chicago, Illinois, United States

PrivateBancorp, Inc. is a provider of personalized financial services primarily to affluent individuals, professionals, owners of closely-held businesses and commercial real estate investors. PrivateBancorp, Inc., through its subsidiary The PrivateBank, delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. The Company has 34 offices in 12 states and, as of March 31, 2016, had US$17.7 billion in assets.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 Extended Care Information Network

Chicago, Illinois, United States

Extended Care Information Network, Inc. is a provider in patient discharge planning and utilization management systems that assist hospitals in streamlining workflow, increasing productivity, accelerating payment from insurance companies, improving patient throughput, and reducing length-of-stay.

Sell $94M