Compass Diversified-Backed 5.11 Tactical® Announces the Opening of its 100th Retail Store Location
15 September 2022 - 10:15PM
5.11 Tactical® (“5.11”), a subsidiary of Compass Diversified (NYSE:
CODI) (“CODI” or the “Company”) and the global innovator of
purpose-built apparel, footwear and gear, today announced the grand
opening of its 100th retail store in Oxnard, California, on
Saturday, September 17, 2022.
“I’m proud of the 5.11 team’s relentless
commitment to our retail strategy, which bring us to the opening of
our 100th retail store this weekend,” said Francisco J. Morales,
CEO of 5.11. “This is an incredible milestone to celebrate at 5.11,
as our increased retail presence allows existing customers to
continue to experience our products while offering more
opportunities to engage customers at new locations. Since
partnering with CODI in 2016, we have made significant investments
that have enabled 5.11 to seize a powerful direct-to-consumer
opportunity and deliver significant revenue growth from ecommerce
and company-owned retail channels. Today, 5.11 is a globally
recognized brand with distribution in 120 countries and is
well-positioned for further expansion and value creation.”
5.11’s retail locations provide an ideal
opportunity for public safety professionals, military personnel and
outdoor enthusiasts to engage with the 5.11 brand and its
knowledgeable staff. The stores feature a complete product offering
tailored specifically to each region, including head-to-toe apparel
and gear for men and women. With roots in servicing the law
enforcement, first responder and military communities, 5.11 prides
itself on hiring former servicemen and women and veterans from the
local area, whenever possible, and its full product offering
provides items designed to keep outdoor adventurers, fitness
fanatics and tactical enthusiasts equipped and ready for
anything.
“Our CODI team prides itself on investing in and
building niche, middle market businesses with premier product
portfolios, and we are proud of 5.11’s progress since our
partnership began,” said Elias Sabo, CEO of Compass Diversified.
“In fact, from 2018 to 2021, CODI’s operational and financial
resources helped 5.11 grow revenue and adjusted EBITDA at a CAGR of
9% and 23%, respectively, while accelerating its retail strategy by
growing store units at a 24% CAGR during the same period. Over the
last five years, we have put over $70 million of growth capital to
work in retail stores, an omnichannel-capable ERP system, and a
LEED-certified distribution facility. We continue to showcase our
expertise in building global brands and congratulate the 5.11 team
on their incredible 100-store milestone, and we look forward to our
continued collective success.”
About 5.11
With offices around the globe, 5.11 ABR Corp.
and its subsidiaries, including 5.11, Inc., work with end users to
create purpose-built apparel, footwear and gear designed
specifically to enhance the safety, accuracy, speed, and
performance of tactical professionals and technical enthusiasts
worldwide. 5.11 products exceed rigorous standards, which have
allowed the brand to establish a reputation for innovation and
authenticity, and become the premier choice for those who always
have to be ready. 5.11 products can be purchased online, through
authorized dealers and retailers, as well as at 5.11 company-owned
retail stores.
Learn more about 5.11’s best-selling gear and
accessories at www.511tactical.com. Find a full list of 5.11
company-owned retail stores at
https://www.511tactical.com/locations/. Connect with 5.11 on
Facebook, Twitter @511Tactical and on Instagram @511Tactical and
#511tactical
5.11 ABR Corp. is a subsidiary of Compass
Diversified (NYSE: CODI).
5.11, 5.11 Tactical and Always Be Ready are
registered trademarks of 5.11, Inc. All rights reserved.
About Compass Diversified
(“CODI”)
Since its founding in 1998, CODI has
consistently executed on its strategy of owning and managing a
diverse set of highly defensible, middle-market businesses across
the niche industrial and branded consumer sectors. The Company
leverages its permanent capital base, long-term disciplined
approach, and actionable expertise to maintain controlling
ownership interests in each of its subsidiaries, maximizing its
ability to impact long-term cash flow generation and value
creation. 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
has consistently generated strong returns through its culture of
transparency, alignment and accountability. For more information,
please visit compassdiversified.com.
Forward Looking StatementsThis
press release may contain certain forward-looking statements,
including statements with regard to the future performance of CODI
and its subsidiaries. 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, 2021 and in 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 RelationsCompass
Diversifiedirinquiry@compassdiversified.com
Gateway GroupCody Slach949.574.3860CODI@gatewayir.com
Media RelationsThe IGB GroupLeon
Berman212.477.8438lberman@igbir.com
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