Compass Diversified Announces New Leader for Healthcare Vertical
03 November 2022 - 9:05PM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, today announced the
appointment of Kurt Roth as Partner and Head of Healthcare for
Compass Group Management LLC. In this role, Roth will work with the
organization’s senior investment professionals to launch CODI’s new
healthcare vertical.
“Last December, we embarked on a journey to
launch our third industry vertical,” said Elias Sabo, CEO of
Compass Diversified. “We chose healthcare as we believe it has
multiple attractive, high-growth sectors with strong barriers to
entry and advantageous demographic trends. Finding the right person
to lead this vertical was a key component of our strategy, and we
couldn’t be more excited about Kurt joining our organization. We
have known Kurt for more than a decade, and he brings extensive
domain expertise in healthcare and M&A. We look forward to
benefitting from his leadership abilities as we launch this next
growth vertical.”
Before joining CODI, Roth spent nearly seven
years as Head of Corporate Development and Strategy with Sotera
Health Company (Nasdaq: SHC), a leading global provider of
mission-critical, end-to-end sterilization solutions, lab testing,
and advisory services for the healthcare industry. During his
tenure, Sotera consistently grew revenue and expanded profitability
while developing a successful track record of identifying,
completing, and integrating strategic acquisitions. These
acquisitions focused on high-quality businesses that aligned with a
mission-driven culture of scientific excellence, customer service,
and accountability.
Before Sotera, Roth was a Managing Director in
the Investment Banking group at Robert W. Baird & Co. He
brings 25 years of deal-making, acquisition integration, and
strategic planning expertise to CODI.
“The powerful platform CODI has built and the
way in which it truly partners with subsidiary management teams
directly aligns with my strategic capabilities and vision, and I am
excited about the significant value-creating opportunities ahead,”
Roth commented. “I look forward to pairing my background with
CODI’s diverse platform and capabilities to expand into the
healthcare industry, and I want to thank Elias and the CODI team
for this tremendous opportunity.”
In December 2021, CODI identified healthcare as
its third industry target in addition to consumer and industrials.
The Company believes healthcare has multiple attractive,
high-growth segments with strong industry tailwinds, is an
acyclical vertical that will bring diversification and stability to
the current group of companies, and has strong alignment with
CODI’s existing subsidiary priorities.
About Compass Diversified
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, branded consumer and healthcare 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.
Investor Relations
Gateway GroupCody Slach949.574.3860CODI@gatewayir.com
Media Relations
The IGB GroupLeon Berman212.477.8438lberman@igbir.com
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