CompoSecure to spin-off Resolute Holdings Management, Inc. to accelerate value enhancing acquisitions
CompoSecure to spin-off Resolute Holdings Management, Inc. to accelerate value enhancing acquisitions
12/30/24, 10:26 PM
Location
new jerseynew jerseyIndustry
energy
CompoSecure, Inc. has announced its intention to spin-off a newly formed subsidiary, Resolute Holdings Management, Inc., to accelerate value enhancing acquisitions. Resolute Holdings is expected to focus on providing oversight of capital allocation strategy, operational practices, and M&A sourcing and execution to drive organic and inorganic growth at CompoSecure.
Company Info
Location
New Jersey, United States
Company info
CompoSecure, Inc. (Nasdaq: CMPO) is a company that specializes in providing secure payment card products, solutions, and services. Following the acquisition by Resolute Holdings I, LP, David Cote has been appointed as the executive chairman of the board of directors, and there have been changes in the board members. The selling shareholders exchanged the entirety of their Class B units for Class A shares with Resolute acquiring 49.3 million Class A shares, representing approximately 60% of CompoSecure’s outstanding shares.
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