Compass Diversified Announces Definitive Agreement to Sell Sterno's Food Service Business for $292.5 Million and Accelerate Deleveraging [Yahoo! Finance]
D/B/A Compass Diversified Holdings Shares of Beneficial Interest (CODI)
Last d/b/a compass diversified holdings shares of beneficial interest earnings: 4/30 04:15 pm
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ir.compassequity.com
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Source: Yahoo! Finance
owner of leading middle-market businesses, today announced that it has entered into a definitive agreement to sell the food service business of its majority-owned subsidiary, SternoCandleLamp Holdings, Inc. (“Sterno”), to Archer Foodservice Partners (“Archer”), a leading provider of foodservice consumables and parent entity of companies Handgards, Inno-Pak, and Fineline Settings, and a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”). Under the terms of the agreement, Archer will acquire Sterno's food service business for an enterprise value of $292.5 million, subject to customary working capital and other adjustments. In 2025, the business to be sold generated subsidiary adjusted EBITDA of approximately $30.3 million. This figure includes certain shared overhead expenses that will remain following the transaction. The Company will use the net proceeds from the transaction to repay outstanding debt. Following the closing of the transaction and the anticipated repayment
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CODI
News
- Compass Diversified (CODI) had its price target raised by B. Riley Financial, Inc. from $8.00 to $10.50. They now have a "neutral" rating on the stock.MarketBeat
- EV·????????????????NdFeB??????????? [CNET News]CNET News
- Compass Diversified Declares First Quarter 2026 Distributions on Series A, B and C Preferred Shares [Yahoo! Finance]Yahoo! Finance
- Compass Diversified Declares First Quarter 2026 Distributions on Series A, B and C Preferred SharesGlobeNewswire
- Archer Foodservice Partners to Acquire Sterno Foodservice Business [Yahoo! Finance]Yahoo! Finance
CODI
Earnings
- 2/26/26 - Miss
CODI
Sec Filings
- 4/10/26 - Form ARS
- 4/10/26 - Form DEFA14A
- 4/9/26 - Form 3
- CODI's page on the SEC website