Compass Diversified Holdings Acquires CamelBak Products LLC
Accretive acquisition expands family of niche market leaders.
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The purchase price of $257.5 million for the membership interests of CamelBak is based on a total enterprise value of $245 million and included $12.5 million of cash and working capital adjustments. The acquisition was consummated through a majority-owned subsidiary, CamelBak Acquisition Corp. CODI's initial common equity ownership in CamelBak Acquisition Corp. is approximately 89.9 percent. In addition to its equity investment in CamelBak Acquisition Corp., CODI provided loans totaling $145.2 million to CamelBak as part of the transaction. CamelBak's management team and a lender in CODI's Revolving Credit Facility also invested in the transaction alongside CODI.
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