Platinum Equity LLC
11/04/2025 | Press release | Distributed by Public on 11/04/2025 16:31
CompoSecure Announces Business Combination with Husky Technologies
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CompoSecure Announces Business Combination with Husky Technologies
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Bolton, Ontario - CompoSecure, Inc. (NYSE: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced a business combination with Husky Technologies Limited ("Husky"), a market leading manufacturer of engineered equipment and aftermarket services, in a transaction that will value the combined business at approximately $7.4 billion.
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."
"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."
Louis Samson, Co-President, Platinum Equity
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.
"Husky Technologies will build on the strong foundation we've established over our 72-year history," explained Selleck. "With CompoSecure's long-term partnership, we will continue to invest in the technologies, systems and capabilities that matter most to our customers and team members. Our focus remains on delivering high performance, reliability, service excellence and innovation."
Selleck underscored there will be no immediate changes to operations or customer experience.
"Husky will continue executing its current growth strategy, with sustainability and innovation remaining central to its future pipeline," Selleck added.
The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approval.
Morgan Stanley & Co. LLC acted as financial advisor to CompoSecure on the transaction and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to CompoSecure. Goldman Sachs acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to Husky Technologies.
Published: Tuesday, November 4, 2025
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Platinum Equity LLC published this content on November 04, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 04, 2025 at 22:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]