Compass Diversified Appoints Alex Bhathal to Board
03 Januar 2022 - 2:30PM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, today announced that
Alex Bhathal has been appointed to the Board of Directors of
Compass Group Diversified Holdings LLC (the “Board”), effective
January 1, 2022. With Mr. Bhathal’s appointment, the Board will
expand to comprise nine directors.
Mr. Bhathal is currently the managing partner of
RAJ Capital Management, a firm he founded in 2006. He brings more
than 15 years of asset management experience and a successful track
record of actively managing investments in sports, consumer
products and real estate.
“We are pleased to welcome Alex and his years of
experience helping companies grow to our Board,” said Sean Day,
Chairman of CODI’s Board. “With hands-on experience in sports and
consumer products companies, Alex brings valuable insight to our
CODI team and our subsidiaries as we seek to leverage our permanent
capital advantage to acquire and build leading businesses. The
Board looks forward to working with Alex as CODI continues to drive
long-term value for its shareholders.”
“Joining the Board at such a pivotal time is an
incredible opportunity,” said Mr. Bhathal. “I believe the Company
is well-positioned for the long term, and I am excited to be a part
of the Board as CODI continues on its growth trajectory.”
About Alex Bhathal
Alex Bhathal is the founder of RAJ Capital
Management, where he has been serving as the managing partner since
2006. Since 2013, Mr. Bhathal has also been the co-owner and
Executive Director of Sacramento Basketball Holdings LLC, the owner
of the Sacramento Kings franchise of the National Basketball
Association. From 2006 through 2016, Mr. Bhathal served as the
Chief Executive Officer of Raj Swim, a company which designs,
manufactures and markets designer and private label swimwear under
nationally recognized brands.
Mr. Bhathal serves on the boards of Gen Next (a
policy orientated non-profit), the California Coast chapter of the
Young Presidents Organization (YPO), and Aspyr Holdings (Orange
Theory Fitness franchises) and is Investment Partner of Rx3 Growth
Partners, a consumer growth fund. He earned a Bachelor of Arts
degree from the University of California Los Angeles and a Master
of Business Administration degree from the University of Southern
California. Mr. Bhathal is also a current participant in the
President’s Program in Leadership at Harvard Business School.
About Compass Diversified
(“CODI”)
CODI owns and manages a diverse set of highly
defensible North American middle market businesses. Each of its
current subsidiaries is a leader in its niche market.
Leveraging its permanent capital base, long-term
disciplined approach and actionable expertise, CODI maintains
controlling ownership interests in each of its subsidiaries,
maximizing its ability to impact long-term cash flow generation and
value creation. CODI 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 its long-term growth and has consistently
generated strong returns through its culture of transparency,
alignment and accountability.
Our ten majority-owned subsidiaries are engaged
in the following lines of business:
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The design and
marketing of purpose-built technical apparel and gear serving a
wide range of global customers (5.11); |
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The manufacture of
quick-turn, small-run and production rigid printed circuit boards
(Advanced Circuits); |
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The design and
manufacture of custom packaging, insulation and componentry
(Altor Solutions); |
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The manufacture of
engineered magnetic solutions for a wide range of specialty
applications and end-markets (Arnold Magnetic
Technologies); |
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The design,
engineering and marketing of dial based fit systems delivering a
scientifically proven performance advantage for athletes
(BOA Technology); |
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The design and
marketing of wearable baby carriers, strollers and related products
(Ergobaby) |
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The design,
manufacture, and marketing of high-end, one-of-a-kind jewelry
(Lugano Diamonds); |
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The design and
manufacture of baseball and softball equipment and apparel
(Marucci Sports); |
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The manufacture and
marketing of portable food warming systems used in the foodservice
industry, creative indoor and outdoor lighting, and home fragrance
solutions for the consumer markets (Sterno);
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The design,
manufacture and marketing of airguns, archery products, optics and
related accessories (Velocity Outdoor). |
Forward Looking Statements
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance of CODI. Words such as "believes," "expects," 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, 2020, as supplemented by the risk
factor discussion in the Form 10-Q filed by CODI with the SEC for
the quarter ended September 30, 2021, 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:The IGB Group
Leon Berman 212-477-8438 lberman@igbir.com |
Media Contact:Joele Frank,
Wilkinson Brimmer KatcherJon Keehner / Kate Thompson / Lyle
Weston212-355-4449 |
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