Compass Diversified Holdings Announces Promotions of Two Senior Team Members
January 15 2020 - 8:30AM
Compass Diversified Holdings (NYSE: CODI) (“CODI” or the
"Company”), an owner of leading middle market businesses, announced
today the promotions of Demetrios Dounis to Partner & Head of
Business Development, and Raj Dalal to Principal, effective January
1, 2020.
“I am pleased to announce the well-deserved promotions of
Demetrios and Raj and look forward to working with them in their
new roles as the Company continues to deliver value to our
shareholders and leverage its permanent capital structure to
capitalize on the many opportunities ahead,” said Elias Sabo, CEO
of CODI. “One of CODI’s greatest strengths is our team and these
promotions reflect the depth of our talent and capabilities. On
behalf of CODI’s senior leadership, I want to congratulate
Demetrios and Raj on a job well done and express my excitement
about our team’s ability to continue executing on our proven
strategy to invest in and build businesses for the long term.”
Patrick Maciariello, COO of CODI added, “At CODI, we pride
ourselves on building an exceptional team with differentiated
capabilities and fostering a culture that enables our people to
grow and succeed. Demetrios and Raj have made significant
contributions to the development and success of CODI and we are
delighted to recognize their performance, professionalism and
dedication through these hard-earned promotions.”
Demetrios Dounis joined the Company in 2007 as a Vice President.
He was promoted to Principal in 2011 and promoted to Partner in
2015. In this newly created role as Partner & Head of Business
Development, Mr. Dounis will work closely with both East and West
Coast based investment teams to coordinate business development
activities across the Company, including sourcing and evaluating
platform transactions as well as working with management teams
across the CODI portfolio to identify and complete add-on
transactions. Mr. Dounis was involved in the firm’s investments in
CamelBak, Liberty Safe, Arnold Magnetic Technologies and Velocity
Outdoor. He led the firm’s investment in and realized exit of Clean
Earth Inc. Mr. Dounis currently serves as a Director for Arnold
Magnetic Technologies, Liberty Safe and Velocity Outdoor. Prior to
joining CODI, Mr. Dounis worked at UBS and Deloitte. Mr. Dounis
holds an MBA from the University of Chicago Graduate School of
Business and a BS in Accounting from Rutgers University. He is also
a Certified Public Accountant and a CFA Charterholder.
Raj Dalal joined the Company in 2012 as an Associate. In his
role as a Principal, Mr. Dalal is responsible for executing new
investment opportunities and managing existing portfolio companies.
Mr. Dalal was involved in the firm’s investments in The Sterno
Group, Manitoba Harvest and Foam Fabricators. He also works closely
with Advanced Circuits, Ergobaby and 5.11 and several other
realized CODI portfolio companies including FOX Factory. Prior to
joining CODI, Mr. Dalal worked at Bank of America Merrill Lynch in
the investment banking group. Mr. Dalal holds an MBA from Harvard
Business School and a BA in business economics from the University
of California, Los Angeles.
About Compass Diversified Holdings
(“CODI”)CODI 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.
CODI maintains controlling ownership interests
in each of its subsidiaries in order to maximize its ability to
impact long term cash flow generation and value. The Company
provides both debt and equity capital for its subsidiaries,
contributing to their financial and operating flexibility. CODI
utilizes the cash flows generated by its subsidiaries to invest in
the long-term growth of the Company and to make cash distributions
to its shareholders.
Our eight majority-owned subsidiaries are
engaged in the following lines of business:
- The design and marketing of purpose-built tactical apparel and
gear serving a wide range of global customers
(5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold
Magnetic Technologies);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby);
- The design and manufacture of custom molded protective foam
solutions and OE components (Foam
Fabricators);
- The design and manufacture of premium home and gun safes
(Liberty Safe);
- The manufacture and marketing of portable food warming fuels
for the hospitality and consumer markets, flameless candles and
house and garden lighting for the home decor market, and wickless
candle products used for home decor and fragrance systems
(The Sterno Group); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
This press release may contain certain
forward-looking statements, including statements with regard to the
future performance of CODI. Words such as "believes," "expects,"
"projects," and "future" or similar expressions, are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. Certain factors could cause actual
results to differ materially from those projected in these
forward-looking statements, and some of these factors are
enumerated in the risk factor discussion in the Form 10-K filed by
CODI with the SEC for the year ended December 31, 2018 as
retrospectively revised and recast through the Current Report on
Form 8-K filed on November 13, 2019, and other filings with the
SEC. Except as required by law, CODI undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor Relations: |
Media Contact: |
The IGB Group |
Joele Frank, Wilkinson Brimmer Katcher |
Leon Berman |
Jon Keehner / Julie Oakes / Kate Thompson |
212.477.8438 |
212-355-4449 |
lberman@igbir.com |
|
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