How the Marcellus/Utica Saved Compressor Engineering Corp.

Compressor Engineering Corp. (CECO) popped the cork on completing 50 years of business in 2014 when it discovered it had a huge problem. The company had expanded into the pipeline business–laying pipelines–and the people the company had hired to manage that part of the business were dishonest, according to CECO. Money the company thought it had wasn’t there–but they still had to complete projects already signed and sealed. So the company, which works in Ohio and Pennsylvania, completed the projects, borrowing heavily to do it. They nearly went bankrupt. After exiting the pipeline business in Ohio, they considered shutting down the company. But then a miracle happened. One of CECO’s core businesses is manufacturing pipeline valves. As it happens, pipelines that used to flow gas from the Gulf Coast to the northeast were beginning to reverse and flow Marcellus/Utica gas the other way. That required a special kind of valve–manufactured by CECO. You can probably guess where this story is going…

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