Deal Details

Sale to Compass Diversified Holdings

Consumer

Sale to Compass Diversified Holdings

Summary

Baird served as the exclusive financial advisor to Crosman Corporation on this transaction

About

Crosman Corporation (“Crosman” or the “Company”), a portfolio company of Wellspring Capital Management (“Wellspring”), was recently acquired by Compass Diversified Holdings (“Compass”) (NYSE: CODI). Terms of the agreement were not disclosed.

Founded in 1923, Crosman is a leading sportsman platform, combining superior innovation, distribution and operational scale. Crosman is the world’s leading designer, manufacturer and marketer of airguns and related category consumables and accessories. The Company is also a rapidly growing provider of archery products. Crosman offers an extensive portfolio of products under the highly recognized owned Crosman, Benjamin and CenterPoint brands, and the licensed Remington brand. The Company is headquartered in Bloomfield, New York.

Wellspring, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. Wellspring’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Wellspring functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. Wellspring Capital Management is headquartered in New York, New York.

Compass owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market. Compass maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. Compass provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. Compass is headquartered in Westport, Connecticut with an additional office in Irvine, California.

Consumer

Sale to Compass Diversified Holdings