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CompoSecure to spin-off Resolute Holdings Management, Inc. to accelerate value enhancing acquisitions

Dec 30, 2024•12 months ago

Acquiring Company

CompoSecure

Acquired Company

Resolute Holdings Management

New JerseyNew Jerseyinformation technology & servicesEnergy

Description

CompoSecure, Inc. has announced its intention to spin-off a newly formed subsidiary, Resolute Holdings Management, Inc., to accelerate value enhancing acquisitions. Resolute Holdings is expected to focus on providing oversight of capital allocation strategy, operational practices, and M&A sourcing and execution to drive organic and inorganic growth at CompoSecure.

Company Information

Company

CompoSecure

Location

313 Pierce Street

New Jersey, United States

About

CompoSecure, Inc. (Nasdaq: CMPO) is a company that specializes in providing secure payment card products, solutions, and services. Following the acquisition by Resolute Holdings I, LP, David Cote has been appointed as the executive chairman of the board of directors, and there have been changes in the board members. The selling shareholders exchanged the entirety of their Class B units for Class A shares with Resolute acquiring 49.3 million Class A shares, representing approximately 60% of CompoSecure’s outstanding shares.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed