Compressor Engineering Corporation Receives TMA’s Award for Large Turnaround of the Year

Winstead's Paige Ingram Castañeda Part of the Turnaround Team

01.30.17

The Chicago/Midwest Chapter of the Turnaround Management Association named Compressor Engineering Corporation (CECO) “Large Turnaround of the Year” for 2016.

Headquartered in Houston, Texas, CECO is a family-owned business founded in 1964 that operates in two divisions, Manufacturing and Pipeline Services.

Winstead Shareholder Paige Ingram Castañeda served on the turnaround team consisting of Chicago-based AEG Partners, existing management/ownership and outside counsel Hoover Slovacek.  With the turnaround team’s guidance, CECO survived a liquidity crisis, avoided bankruptcy, improved profitability and refinanced all senior debt at par. The bank has realized a full recovery and the company will continue to be a family-owned operation.

READ MORE: 2016 Large Turnaround of the Year – Meet the Team

WATCH VIDEO:  The CECO Story

Photo below includes:  Jonathan Morrison, Edward Rothberg, Melissa Haselden, Mark Hotze, Richard Hotze, Paige Ingram Castaneda

 

 

 

 

 

 

 

 

 

 

Photo includes:  Jonathan Morrison, Edward Rothberg, Melissa Haselden, Mark Hotze, Richard Hotze, Paige Ingram Castañeda

 

 

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.

Operators

AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top