M&A Deal Summary

Compass Diversified Acquires HALO

On March 1, 2007, private equity firm Compass Diversified acquired marketing company HALO from H.I.G. Private Equity for 63M USD

Acquisition Highlights
  • This is Compass Diversified’s 1st transaction in the Marketing sector.
  • This is Compass Diversified’s 17th largest (disclosed) transaction.
  • This is Compass Diversified’s 8th transaction in the United States.
  • This is Compass Diversified’s 1st transaction in Illinois.
Investment Fate
  • HALO was sold to a consortium of financial buyers in 2012 for 77M USD.
  • HALO was sold to a consortium of financial buyers in 2016.
  • HALO was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2007-03-01
Target HALO
Sector Marketing
Buyer(s) Compass Diversified
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout
Deal Value 63M USD

Target

HALO

Sterling, Illinois, United States
HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

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Buyer(S) 1

Buyer

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $10 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.


DEAL STATS #
Overall 8 of 26
Sector: Marketing M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 13
State: Illinois M&A 1 of 1
Country: United States M&A 8 of 25
Year: 2007 M&A 2 of 3
Size (of disclosed) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Aeroglide

Cary, North Carolina, United States

Aeroglide is a designer and manufacturer of industrial drying and cooling equipment. Aeroglide’s specialized thermal processing equipment is designed to remove moisture and heat from, as well as roasting, toasting, and baking a variety of processed products. The Company’s machinery is used in the production of a variety of human foods, animal and pet feeds, and industrial products. Aeroglide is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 American Furniture Manufacturing

Ecru, Mississippi, United States

American Furniture Manufacturing is a manufacturer of promotional upholstered residential furniture sold to regional independent retailers, rent-to-own dealers and distributors nationwide. American Furniture Manufacturing is based in Ecru, Mississippi.

Buy $93M

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 12 of 181
Sector: Marketing M&A 1 of 9
Type: Secondary Buyout M&A Deals 7 of 75
State: Illinois M&A 2 of 8
Country: United States M&A 12 of 124
Year: 2007 M&A 1 of 6
Size (of disclosed) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-05 Warrantech

Bedford, Texas, United States

Warrantech Corp. is a provider of service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computers and computer peripherals for retailers, distributors and manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-13 Comverge

Norcross, Georgia, United States

Comverge, Inc. is a provider of an integrated set of demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance the customer experience. Comverge was founded in 1974 and is based in Norcross, Georgia.

Sell -