CompoSecure, Inc. completed its business combination with Husky Technologies Limited on January 12, 2026, creating a diversified industrial platform valued at approximately $7.4 billion. The transaction combines CompoSecure, a New Jersey-based leader in metal payment cards and authentication solutions, with Husky, a prominent manufacturer of highly engineered equipment and aftermarket services.

The deal values Husky at an enterprise value of $5 billion and was funded through an oversubscribed private placement of approximately $2 billion from premier investors, a $1 billion equity rollover from Platinum Equity, and $2 billion in debt financing. The David Cote Family retained its entire $1 billion equity investment.

The combined business is valued at 11.6x 2026 estimated pro forma adjusted EBITDA of approximately $635 million, with a 7.5% free cash flow yield. The transaction is expected to be more than 20% accretive to adjusted diluted earnings per share in the first full year post-closing. The combined entity features approximately 70% recurring revenues, high margins, and strong free cash flow generation.

Husky will continue to operate as a standalone business under its current management team. The corporate entity has rebranded to GPGI, Inc.

Morgan Stanley and Goldman Sachs served as financial advisors, with Paul, Weiss, Rifkind, Wharton & Garrison LLP, Goodmans LLP, and Latham & Watkins LLP providing legal counsel.