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Littlejohn & Co. agrees to sell soil processor Clean Earth: CORRECTED

Littlejohn & Co. has agreed to sell Clean Earth, which processes contaminated soil on the East Coast, to Compass Diversified Holdings. The deal is expected to close in the third quarter. The Hatboro, Pennsylvania-based company handles more than 3 million tons of material annually from New York to Florida through a network of 12 full service soil facilities.

Compass Diversified Holdings Elects Offenberg as CEO

Compass Diversified Holdings has announced that Alan Offenberg, who has served as interim CEO since February 17, 2011, has been elected by the company’s board as CEO, and will remain on the company’s board of directors. Compass Diversified Holdings owns and manages a portfolio of North American middle market businesses.

Compass Sells Halo to Candlelight

Mid-market business manager Compass Diversified Holdings has sold HALO Holding Corporation to Candlelight Investment Holdings for $76.5 million. HALO is a promotional products and solutions provider. PRESS RELEASE Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that on May 1, 2012, it simultaneously entered into a […]

Audax Sells Arnold to Compass

Lower mid-market investor Audax Group has sold Arnold Magnetic Technologies Corporation to Compass Diversified Holdings. Headquartered in Rochester, New York, Arnold is a global manufacturer of engineered, magnetic products for aerospace, military, alternative energy, and industrial applications. PRESS RELEASE Audax Group has completed the sale of Arnold Magnetic Technologies Corporation (“Arnold”) to Compass Diversified Holdings […]

Compass Sells Staffmark to Japanese Recruit

Mid-market investor Compass Diversified Holdings has entered into a definitive agreement to sell its majority owned subsidiary, Staffmark Holdings, Inc. to a subsidiary of Japan-based Recruit Co., Ltd for a total enterprise value of $295 million. Compass anticipates making a gain on the sale of Staffmark ranging between $75 million and $90 million for the quarter ended December 31, 2011.

Gun Safe Maker Switching PE Sponsors

Catterton Partners has agreed to sell Liberty Safe and Security Products Inc., a Payson, Utah-based gun safe manufacturer, to Compass Diversified Holdings. The deal is valued at approximately $70 million. Baird managed the sell-side process.

Advanced Circuits Buys Circuit Express

Advanced Circuits, a portfolio company of Compass Diversified Holdings, has acquired Circuit Express Inc., a Tempe, Ariz.-based prototype and low-volume manufacturer of rigid printed circuit boards. No financial terms were disclosed.

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