CompoSecure, Inc. (NYSE: CMPO) completed its previously disclosed business combination with Husky Technologies Limited on January 12 2026, creating a combined company valued at approximately $7.4 billion. The transaction was financed through an oversubscribed private placement of roughly $2.0 billion, a $1.0 billion rollover from Platinum Equity, and about $2.0 billion of debt. The David Cote family will retain its entire $1.0 billion equity stake in the new entity, which will trade under the ticker GPGI on the New York Stock Exchange beginning January 23 2026.
The rebranding to GPGI, Inc.—short for “Great Positions in Good Industries”—signals a strategic pivot from a single‑product metal‑card manufacturer to a diversified industrial compounder. The combination leverages Husky’s high‑margin, recurring‑revenue model with CompoSecure’s technology platform, enabling the deployment of the Resolute Operating System across both businesses to drive operational efficiencies and margin expansion.
Financially, the deal is expected to be more than 20 % accretive to adjusted diluted earnings per share in the first full year after closing, driven by the 70 % recurring revenue mix of the combined entity and the anticipated cost synergies from shared manufacturing and support functions. The transaction values the combined company at 11.6× 2026 pro‑forma adjusted EBITDA of roughly $635 million, underscoring the high‑margin profile and strong free‑cash‑flow generation that the new company will pursue.
Investors responded positively to the announcement, with analysts highlighting the improved core operations and margin expansion that underpin the transaction. The combination is viewed as a significant step toward a more resilient, recurring‑revenue‑heavy business model that can sustain growth in a competitive industrial landscape.
Executive Chairman Dave Cote said, “We are making progress at both CompoSecure and Husky – and are even more convinced today about the prospects for both companies and for the broader platform.” Husky CEO Bradley Selleck added, “The completion of the business combination supports Husky’s long‑term strategy and reinforces its commitment to innovation, operational strength, and customer partnership.”
Husky Technologies, founded in 1953, has built a global presence in injection‑molding equipment and aftermarket services, while CompoSecure, founded in 2000, has established itself as a leader in metal payment cards and security authentication. The new GPGI, Inc. will operate CompoSecure and Husky as separate reporting segments, preserving their trade names and customer relationships while integrating their platforms under a unified corporate structure.
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