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Compass Minerals Acquires Minority Ownership Stake In Next-Generation Fire Retardant Company

Nov 02, 2021over 3 years ago

Acquiring Company

Compass Minerals

Acquired Company

Next-Generation Fire Retardant

Overland ParkMining

Description

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced a $45 million equity investment in FORTRESS North America (Fortress), an early-stage long-term fire retardant (LTR) company dedicated to developing and producing a portfolio of more environmentally friendly and carbon neutral fire retardants to combat the devastating effects of wildfires in North America and around the world. This builds upon the initial $5 million Series A investment Compass Minerals made in Fortress, meaningfully increasing its minority equity stake ownership to approximately 45%, with the opportunity to further increase that stake over time.

Company Information

Company

Compass Minerals

Location

Overland Park, Kansas, United States

About

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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