Compass Diversified Receives $75.2 Million Equity Investment

December 21, 2023

Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, reported that it had completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments to raise $75.2 million.

The shares were sold for $21.18 per share, the proceeds of which will be used for general corporate purposes. SGB