A Squire Patton Boggs team has advised longtime client Compass Diversified (NYSE: CODI), an owner of leading middle market businesses, on its definitive agreement to sell its majority owned subsidiary, Liberty Safe Holding Corporation, the parent company of Liberty Safe and Security Products, Inc. to an affiliate of Monomoy Capital Partners, 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.
The Squire Patton Boggs Corporate team included partner Michael Helmer, Evan Toebbe, Samantha Caspar and Laura Aber. Carl Draucker (Benefits), Steven Mount (Tax) and Meghan Hill (L&E) provided specialist support on the transaction.