Announced
Completed
Financials
Tags
Single Bidder
United States
Private Equity
Textile Products
textiles
Majority
Domestic
Acquisition
Private
Friendly
clothing materials
Completed
Synopsis
Compass Diversified, an owner of middle market businesses, completed the acquisition of PrimaLoft, a provider of branded, high-performance synthetic insulation and materials used primarily in consumer outerwear and accessories, from Victor Capital, a private equity firm, for $530m. "PrimaLoft has all the attributes we look for in an acquisition and once closed, will add to CODI’s track record of acquiring industry-leading, innovative businesses with strong competitive advantages. PrimaLoft is a market leader and possesses significant intellectual property, operates in a large, growing addressable market, and has a world class management team led by Mike Joyce. In addition, PrimaLoft is a high growth and high free cash flow generating business that operates at the forefront of sustainability and is fully aligned with CODI’s mission of conducting our business in a responsible and ethical manner while delivering superior investment results. We’re excited to support PrimaLoft’s next phase of growth," Elias Sabo, Compass Diversified CEO.
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