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GPGI Appoints 30-Year Veteran Robert Domodossola as President and CEO of Husky
Globenewswire· 2026-03-02 21:30
Core Viewpoint - GPGI, Inc. has appointed Robert Domodossola as President and CEO of Husky Technologies, aiming to enhance global growth and operational excellence through the Resolute Operating System [1][3]. Group 1: Leadership Transition - Robert Domodossola has been with Husky since 1996, holding various roles including President of Systems and Tooling, and has a strong background in engineering and business development [2]. - David Cote, Executive Chairman of GPGI, expressed confidence in Domodossola's leadership, highlighting his commitment to customer satisfaction and growth [3]. - Outgoing CEO Brad Selleck is acknowledged for his leadership and will assist in the transition until mid-April [4]. Group 2: Company Overview - GPGI, Inc. is a diversified platform focused on acquiring and scaling high-quality businesses, currently comprising market leaders CompoSecure and Husky [5]. - Husky, founded in 1953, specializes in highly engineered equipment and aftermarket services, producing essential products like beverage containers and medical devices [6].
Husky Technologies Announces Leadership Transition in Service Organization
Globenewswire· 2026-02-12 13:00
Core Insights - Husky Technologies has appointed Tracy Cordes as President of Service, effective February 16, 2026, succeeding Tony Black who will retire on March 31, 2026 [1][2][5] Leadership Transition - Tracy Cordes brings extensive global leadership experience in service, operations, business transformation, and profitability from her previous roles, including Executive Director at Carrier Global Corporation [2][3] - Tony Black has been instrumental in strengthening Husky's global service organization, achieving significant improvements in customer satisfaction and operational effectiveness during his tenure [4][5] Strategic Focus - The leadership transition is aligned with Husky's long-term goals of sustainable growth, operational strength, and customer service excellence [6] - The company aims to enhance service innovation and customer partnerships, reinforcing its leadership position in the market [6]
GPGI, Inc. Completes Rebrand and Starts Trading as GPGI on NYSE
Globenewswire· 2026-01-23 12:30
Core Viewpoint - GPGI, Inc. has completed its rebranding from CompoSecure, Inc. and will begin trading under the new name and ticker symbol "GPGI" on the New York Stock Exchange starting January 23, 2026 [1][7]. Group 1: Company Overview - GPGI, Inc. is a diversified multi-industry compounder that focuses on acquiring and operating businesses with strong positions in favorable industries [2][5]. - The company is managed by Resolute Holdings Management, Inc. and aims to scale high-quality businesses through a permanent capital base and the Resolute Operating System [5]. - GPGI currently consists of two main businesses: CompoSecure and Husky, both of which are market leaders with strong financials and growth opportunities [5]. Group 2: Business Segments - CompoSecure will continue to operate under its existing trade name and will be a distinct reporting segment within GPGI [3]. - CompoSecure specializes in metal payment cards, security, and authentication solutions, providing innovative technology for financial transactions [6]. - Husky, founded in 1953, is a leader in highly engineered equipment and aftermarket services, producing essential products for various industries, including food and medical devices [8].
CompoSecure Completes Business Combination with Husky Technologies and Rebrands Corporate Entity to GPGI, Inc.
Globenewswire· 2026-01-12 13:04
Core Insights - CompoSecure, Inc. has completed its business combination with Husky Technologies Limited, creating a diversified compounder valued at $7.4 billion with approximately 70% recurring revenues and strong free cash flow generation [1][2][10] - The combined entity will operate under the new name GPGI, Inc., reflecting its strategy of acquiring and operating businesses in favorable industries [3][10] Financial Overview - The business combination is valued at approximately $7.4 billion, representing an estimated 11.6x Pro Forma Adjusted EBITDA of around $635 million for 2026 [2] - The transaction is expected to yield a free cash flow yield of approximately 7.5% in the first full year post-closing and be more than 20% accretive to adjusted diluted earnings per share [2] Funding Details - The transaction was financed through an oversubscribed private placement of about $2.0 billion, a rollover from Platinum Equity of approximately $1.0 billion, and around $2.0 billion in debt [2] - The David Cote Family will maintain its entire $1.0 billion equity investment in the corporate entity [2] Corporate Rebranding - Following the completion of the transaction, CompoSecure will rebrand to GPGI, Inc., which stands for "Great Positions in Good Industries" [3][10] - Both CompoSecure and Husky will continue to operate under their existing trade names as distinct reporting segments within GPGI's permanent capital platform [3] Leadership Statements - The Executive Chairman and Chief Investment Officer expressed enthusiasm about the completion of the Husky transaction and the future prospects for both companies [4]