M&A Deal Summary

Compass Diversified Acquires PrimaLoft

On June 6, 2022, private equity firm Compass Diversified acquired apparel/textiles company PrimaLoft from Victor Capital Partners for 530M USD

Acquisition Highlights
  • This is Compass Diversified’s 2nd transaction in the Apparel/Textiles sector.
  • This is Compass Diversified’s largest (disclosed) transaction.
  • This is Compass Diversified’s 23rd transaction in the United States.
  • This is Compass Diversified’s 4th transaction in New York.

M&A Deal Summary
Date 2022-06-06
Target PrimaLoft
Sector Apparel/Textiles
Buyer(s) Compass Diversified
Sellers(s) Victor Capital Partners
Deal Type Secondary Buyout
Deal Value 530M USD
Advisor(s) William Blair
Baird (Financial)

Target

PrimaLoft

Latham, New York, United States
PrimaLoft is a branded, advanced material technology company involved in research and innovative development of high-performance material solutions, specializing in insulations and fabrics. The company's insulation was originally developed for the U.S. Army as a water-resistant, synthetic alternative to down. Since its founding, a heritage of proven & tested technologies has built trust across the textile industry, with more than 950 global brands using PrimaLoft products in outdoor, lifestyle, home furnishings, work wear, hunting, and military applications. PrimaLoft was founded in 1983 and is based in Latham, New York.

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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 $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 24 of 25
Sector (Apparel/Textiles) 2 of 2
Type (Secondary Buyout) 13 of 13
State (New York) 4 of 4
Country (United States) 23 of 24
Year (2022) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Advanced Circuits

Aurora, California, United States

Advanced Circuits is a manufacturer of quick-turn, prototype, and production rigid printed circuit boards (“PCBs”). Customers include research and development professionals at OEMs and academic institutions in the United States and Canada. Advanced Circuits was established in 1989 and is based in Aurora, Colorado.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Marucci

Baton Rouge, Louisiana, United States

Marucci is a manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands. Its product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Marucci Sports was established in 2009 and is based in Baton Rouge, Louisiana.

Sell $572M

Seller(S) 1

SELLER

Victor Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Victor Capital Partners is a private equity firm focused on providing equity and operational resources to mid-sized companies in the industrial services/technology, consumer, and business services sectors. The Firm looks to commit $20 to $100 million per transaction and generally pursues businesses with strong brands, positive cashflow, and operating in defensible markets with add-on potential. Victor Capital Partners was formed in 2015 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 2
Country (United States) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Slipnot

Detroit, Michigan, United States

Slipnot is a provider of provider of metal slip-resistant surfaces in preventing slip, trip, and fall accidents in industrial, commercial, military, and municipal settings. Slipnot was founded in 1987 and is based in Detroit, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Coats

LaVergne, Tennessee, United States

Coats is a manufacturer and distributor of Coats-branded wheel service, alignment, inspection, lift and shop productivity equipment and services. Coats is based in LaVergne, Tennessee.

Buy -
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