Compass diversified announces sale of liberty safe

Westport, conn., july 19, 2021 (globe newswire) -- compass diversified (nyse: codi) (“codi”), an owner of leading middle market businesses, today announced it has entered into a definitive agreement to sell its majority owned subsidiary, liberty safe holding corporation, the parent company of liberty safe and security products, inc. ("liberty" or “the company”), to an affiliate of monomoy capital partners (“monomoy”), a middle market private investment firm which invests in the debt and equity of manufacturing, distribution and consumer product businesses. under the terms of the agreement, liberty will be sold to monomoy for approximately $147.5 million in cash, subject to certain adjustments based on matters such as the working capital and cash and debt balances at the time of the closing.
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