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Acquisitions and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2022
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information represents the Company’s results of operations as if the GRC, Compass, Western Air Ducts, and DS21 acquisitions had occurred on January 1, 2021:
|  | December 31, |
(table only in thousands, except per share data) |  | 2022 |  |  | 2021 |
Net sales |  | $ | 435,216 |  |  | $ | 358,724 |
Net income attributable to CECO Environmental Corp. |  |  | 18,074 |  |  |  | 4,466 |
Earnings per share: |  |  |  |  |  |
Basic |  | $ | 0.52 |  |  | $ | 0.13 |
Diluted |  | $ | 0.52 |  |  | $ | 0.13 |
Mader Holdings L.P. |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The fair value of Mader’s net assets contributed was $1.0 million. The following table summarizes the fair values of the assets acquired and liabilities assumed at the JV agreement date.
(in thousands) |  |  |
Current assets (including cash of $229) |  | $ | 2,040 |
Property and equipment |  |  | 103 |
Goodwill |  |  | 2,085 |
Deferred income tax asset |  |  | 287 |
Total assets assumed |  |  | 4,515 |
Current liabilities assumed |  |  | (515 | )
Other liabilities |  |  | (500 | )
Long term debt |  |  | (2,508 | )
Net assets acquired |  | $ | 992 |
Environmental Integrated Solutions [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $4,212) |  | $ | 6,416 |
Property and equipment |  |  | 26 |
Other assets |  |  | 44 |
Goodwill |  |  | 7,022 |
Intangible - finite life |  |  | 4,840 |
Total assets acquired |  |  | 18,348 |
Current liabilities assumed |  |  | (6,514 | )
Deferred income tax liability |  |  | (920 | )
Net assets acquired |  | $ | 10,914 |
General Rubber LLC [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $137) |  | $ | 4,963 |
Property and equipment |  |  | 459 |
Goodwill |  |  | 11,120 |
Intangible - finite life |  |  | 8,380 |
Total assets acquired |  |  | 24,922 |
Current liabilities assumed |  |  | (714 | )
Deferred income tax liability |  |  | (388 | )
Net assets acquired |  | $ | 23,820 |
The Company acquired customer lists and tradename intangible assets valued at $7.7 million and $0.7 million, respectively. These assets were determined to have useful lives of 10 years.
Compass Water Solutions, Inc [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $334) |  | $ | 4,796 |
Property and equipment |  |  | 101 |
Goodwill |  |  | 4,848 |
Intangible - finite life |  |  | 4,900 |
Total assets acquired |  |  | 14,645 |
Current liabilities assumed |  |  | (623 | )
Deferred income tax liability |  |  | (1,627 | )
Net assets acquired |  | $ | 12,395 |
The Company acquired customer lists and tradename intangible assets valued at $4.4 million and $0.5 million, respectively. These assets were determined to have useful lives of 10 years.
Western Air Ducts Ltd [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $1,557) |  | $ | 2,711 |
Property and equipment |  |  | 188 |
Goodwill |  |  | 7,344 |
Intangible - finite life |  |  | 3,158 |
Total assets acquired |  |  | 13,401 |
Current liabilities assumed |  |  | (1,127 | )
Deferred income tax liability |  |  | (824 | )
Net assets acquired |  | $ | 11,450 |
The Company acquired customer lists and tradename intangible assets valued at $2.8 million and $0.4 million, respectively. These assets were determined to have useful lives of 10 years.
DS21 Co., Ltd. [Member] |
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of closing.
(in thousands) |  |  |
Current assets (including cash of $1,453) |  | $ | 5,099 |
Property and equipment |  |  | 4,112 |
Intangible - finite life |  |  | 422 |
Deferred income taxes |  |  | 557 |
Other assets |  |  | 169 |
Total assets acquired |  |  | 10,359 |
Current liabilities assumed |  |  | (1,008 | )
Other liabilities |  |  | (113 | )
Net assets acquired |  | $ | 9,238 |
The Company acquired customer lists and tradename intangible assets valued at $0.1 million and $0.3 million, respectively. These assets were determined to have useful lives of 10 years.

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