Dave Cote, Executive Chairman of CompoSecure, said in the announcement: “We are delighted to announce the business combination with Husky. This is a business Tom [Knott] and I have long admired, and it hits all the key criteria we look for in every investment – it holds a great position in a good industry, significant technology differentiation, organic and inorganic growth possibilities, and margin expansion potential. We are excited to begin working with the Husky team and believe the combined business is uniquely well positioned to deliver for investors.”
Louis Samson, Co-President of Platinum Equity, Husky’s current shareholder, added: “We believe this combination will create value and unlock new opportunities for Husky and its stakeholders. We have great respect for David Cote’s leadership, share his conviction in this opportunity and are excited to roll more than $1 billion of equity into the deal. We have partnered with Dave, Tom Knott, and the team at Resolute before and look forward to working with them to create value again.”
The announcement noted that Husky will be run as a standalone business alongside CompoSecure and will continue to operate under its current management team.
Husky Technologies CEO, Bradley Selleck, today said the business combination supports Husky’s long-term strategy and reinforces its commitment to innovation, operational strength and customer partnership, ensuring continuity for employees and customers, while enabling long-term investment.
