Compass Diversified Sells Subsidiary Liberty Safe Holdings For $147.5M

July 19, 2021 10:20 AM | 1 min read | Make a Comment

Compass Diversified Holdings CODI has agreed to sell its majority-owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc., to an affiliate of Monomoy Capital Partners ("Monomoy"), for approximately $147.5 million in cash.
CODI expects to realize a gain of approximately $75 million to $85 million. Net proceeds are to be used for general corporate purposes and fund the previously announced special distribution of $0.88 per share.
The transaction is expected to close by the end of August 2021.
Price action: CODI shares closed at $24.50 on Friday.

Posted In: M&A News Asset Sales Small Cap Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.