CompoSecure completes Husky Technologies merger, rebrands as GPGI in US$7.4B deal

CANADA — CompoSecure, Inc. has finalized its previously announced business combination with Husky Technologies Limited, marking one of the most significant consolidation moves in the engineered equipment and high-performance materials sector.

The combined entity, now renamed GPGI, Inc., brings together two global market leaders with complementary strengths, approximately 70% recurring revenue, high margins, and substantial free-cash-flow generation.

The transaction values the merged business at US$7.4 billion, representing ~11.6x 2026E Pro Forma Adjusted EBITDA of ~US$635 million.

The deal is also expected to deliver a ~7.5% free-cash-flow yield in the first full year post-closing and more than 20% accretion to adjusted diluted EPS.

Funding for the transaction was secured through an oversubscribed private placement of roughly US$2 billion from global institutional investors, Platinum Equity’s rollover of approximately US$1 billion, and a further US$2 billion in debt financing.

The David Cote Family will maintain its full $1 billion equity stake, signaling long-term confidence in the new platform’s strategic direction.

Alongside the merger, CompoSecure has rebranded to GPGI, Inc., an acronym representing “Great Positions in Good Industries.”

The corporate restructuring reflects the company’s transition from a single operating unit into a diversified permanent-capital platform.

While GPGI becomes the new listed entity, both CompoSecure and Husky will retain their trade names and operate as distinct reporting segments under the umbrella of the broader platform.

The company’s common stock is set to begin trading under the new ticker symbol GPGI on the NYSE starting January 23, 2026.

Executive Chairman Dave Cote and Chief Investment Officer Tom Knott expressed strong confidence in the merged entity’s potential, “We are thrilled to announce the completion of the Husky transaction and the corporate entity’s name change to GPGI, Inc.

“We remain focused on delivering results for our shareholders and investors and making GPGI an aspirational home for great operators and great businesses.”

The merger follows a series of strategic updates from Husky Technologies over the past two years.

In 2024, the company expanded its sustainable packaging systems portfolio with next-generation injection molding platforms aimed at enhancing energy efficiency and resin optimization—critical at a time when brands and converters face mounting pressure to boost recyclability and cut production emissions.

Husky also strengthened its aftermarket services footprint across Europe and the Middle East, introducing predictive-maintenance tools and digital service platforms to improve uptime for PET preform and medical molding customers.

Industry analysts say these developments position Husky as a strong contributor to GPGI’s long-term growth, particularly in high-performance packaging solutions, medical molding equipment, and aftermarket service models that generate consistent recurring revenue.

As the packaging and industrial equipment sectors continue consolidating, the creation of GPGI represents a strategic move to build scale, expand technological capability, and accelerate integrated service delivery, setting the stage for a more competitive presence across global markets in 2026 and beyond.

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