Compass Diversified Announces Sale of Ergobaby
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
ir.compassequity.com
Company Research
Source: GlobeNewswire
WESTPORT, Conn., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today the simultaneous entry into a definitive agreement (the “Agreement”) and completion of its sale of its majority-owned subsidiary, The Ergo Baby Carrier, Inc. (“Ergobaby”), to Highlander Partners, L.P. (“Highlander”), a Dallas-based private investment firm. Proceeds from the transaction will be used to pay down debt and for general corporate purposes. “We are proud of Ergobaby’s position as a global leader in premium juvenile products and are grateful for Jason and the team’s contributions over the years,” said Elias Sabo, CEO of Compass Diversified. “Looking ahead, we plan to use the proceeds from this sale to continue to acquire and manage innovative and disruptive brands, positioning our business for continued success and driving long-term shareholder value.” Jason Frame, CEO of Ergobaby, commented: “We have
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CODI
News
- A look back on my favorite episodes of TechCrunch's Found podcast [TechCrunch]TechCrunch
- Highlander Partners Acquires Juvenile Products Leader Ergobaby [Yahoo! Finance]Yahoo! Finance
- Highlander Partners Acquires Juvenile Products Leader ErgobabyPR Newswire
- Compass Diversified sells majority-owned unit Ergo Baby to Highlander Partners [Seeking Alpha]Seeking Alpha
- Compass Diversified Announces Sale of Ergobaby [Yahoo! Finance]Yahoo! Finance
CODI
Earnings
- 10/30/24 - Miss
CODI
Sec Filings
- 12/30/24 - Form 8-K
- 11/26/24 - Form SC
- 11/12/24 - Form 4
- CODI's page on the SEC website