Winter Harbor LLC

Bristol Compressors International

Winter Harbor Oversees 60-Day Wind Down of Manufacturer


Bristol Compressors International manufactured HVAC compressors for air conditioning, heating pump, geothermal, and refrigeration systems. Headquartered in Bristol, Virginia, Bristol Compressors designed and manufactured hermetic reciprocating compressors for residential and light commercial air conditioning, heat pump and refrigeration applications. The Company supplied compressors to original equipment manufacturers and wholesale distributors on six continents and in more than 60 countries around the world. Bristol Compressors offered a variety of ozone-friendly refrigerant compressors with fixed- and variable-frequency drive configurations, high-output heat pump compressors, geothermal targeted products, and the highest performing refrigeration compressors in the industry. During peak operations, Bristol Compressors generated $200 million in annual revenue.

Our Role

Winter Harbor was hired to assess current financial situation of Bristol Compressors and explore all reorganization options. The Company faced irreversible issues and lost support of its senior lender. We served as Chief Restructuring Officer to handle the 60-day wind down of the business.

  • Provided cash and liquidity management.

  • Led customer negotiations and liquidity accommodations.

  • Performed the wind down budget for the lender.

Engagement Outcome

Our professionals oversaw the successful 60-day wind down of Bristol Compressors. We managed the cease of operations and guided the Company through wind-down process. We coordinated end of production with customers and suppliers. In addition, we oversaw the repayment of debt obligations to senior and junior lender under established forbearance agreements.