Compass Systems and Sales, LLC
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Compass Systems and Sales, LLC - overview
Established
1998
Location
Barberton, OH, US
Primary Industry
Industrial Machinery
About
Compass Systems and Sales, LLC, based in the US, specializes in engineered solutions for materials handling, focusing on innovative pneumatic and steel hinged belt systems designed for diverse industrial applications. Founded in 1998 and headquartered in Barberton, US, Compass Systems and Sales, LLC provides engineered solutions for material handling. The company successfully completed its latest funding round, a Recapitalisation, on November 27, 2023, raising USD 24. 7 mn from Main Street Capital Corporation.
Compass Systems specializes in engineered solutions for materials handling, focusing primarily on pneumatic and steel hinged belt systems. These systems address complex material conveyance challenges across various industries, including automotive, paper and pulp, agriculture, food and beverage, and recycling. The company efficiently moves and processes over 1,000 different materials, enhancing sustainability by diverting millions of pounds of waste from landfills daily. Their comprehensive approach includes engineering, procurement, fabrication, installation, testing, training, and ongoing service, providing tailored solutions to meet clients' operational needs.
Compass serves a diverse clientele, including manufacturers and industry leaders across North America, Europe, and Asia. Compass Systems generates revenue through direct sales and service contracts related to its engineered materials handling solutions. The firm engages in B2B interactions, offering custom systems tailored to unique material handling challenges. Revenue streams consist of project-based contracts for system design and installation, alongside ongoing service agreements for maintenance and training.
This approach fosters long-term partnerships with clients seeking to optimize operational efficiencies, with pricing aligned to the complexity and scale of the systems provided. In November 2023, Compass Systems executed a recapitalization deal for USD 24. 7 mn, which will be directed towards enhancing their product offerings and expanding into new markets. The company is designing advanced handling systems aimed at the automotive and food sectors, targeting product launches in early 2024.
Furthermore, Compass plans to increase its presence in international markets, specifically in Europe and Asia, by the end of 2025.
Current Investors
Main Street Capital Corporation, Plexus Capital
Primary Industry
Industrial Machinery
Sub Industries
Engineering, Facilities & Maintenance Services, Industrial Machinery
Website
www.compasssystems.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Compass Systems and Sales, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | Compass Systems and Sales, LLC | - | ||||||||
| Recapitalisation | Completed | Compass Systems and Sales, LLC | - |
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