ATS buys Compact’s holdings

ATS Acquisition Corp. has acquired all the assets of the Compact Video Cos., which include Compact Video Group Inc., Compact Video Services Inc., Image Transform Inc. and Meridian Studios Inc., for an undisclosed amount.

ATS, owned by an unnamed New York investment management firm, was recently restructured with the goals of providing flexibility and the opportunity to earn an acceptable return on investment and allowing the maximum number of employees to retain jobs.

The name ATS will be used until plans are completed to consolidate the former Compact operations into a single unit. That unit will continue to offer the services formerly provided by the Compact companies; almost all members of the Compact management team will assume new or similar positions at ATS.

ATS’ services include film restoration; film-to-videotape transfer and vice versa; videotape editing, sound editing/mixing; film sound editing/mixing; and duplications services.

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