Benzinga | Sep 22, 2020 08:35AM EDT

Compass Diversified To Acquire Performance Fit Innovator BOA Technology For $454M

Further Expands CODI's Best-In-Class Portfolio of Niche Market Leading Brands



CODI's Resources and Deep Consumer Sector Expertise to Support Industry Pioneer's Continued Product Innovation and Global Growth

WESTPORT, Conn.and DENVER, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, today announced that it has entered into a definitive agreement to acquire BOA Technology Inc. ("BOA"), creators of the award-winning BOA(r) Fit System, delivering superior fit and performance in the Outdoor, Athletic, Workwear and Medical Bracing markets worldwide, for a purchase price of $454 million (excluding working capital and certain other adjustments upon closing).