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].

Core Viewpoint - CompoSecure, Inc. will be rebranded as GPGI, Inc. and has appointed Graham Robinson as the new President and CEO, effective January 22, 2026, to lead the company through its next growth phase [1][5][7]. Group 1: Leadership Transition - Graham Robinson has been appointed as President and CEO of CompoSecure, succeeding Jon Wilk, who served for 10 years [1][5]. - Robinson brings 30 years of experience in technology and industrial sectors, having held leadership roles at companies like Stanley Black & Decker and Honeywell [2][3]. - The transition is not due to any disagreements with the Board regarding financial matters, and the company's financial performance remains in line with expectations [6]. Group 2: Strategic Direction - The appointment of Robinson is seen as a strategic move to support CompoSecure's growth strategy, focusing on operational excellence and M&A [2][5]. - CompoSecure is positioned in a high-growth market for metal payment cards and authentication solutions, with sustained customer demand and investment [3]. - The recent business combination with Husky Technologies is expected to enhance the company's market position, characterized by approximately 70% recurring revenues and strong cash flow generation [7][8]. Group 3: Company Overview - CompoSecure is a leader in metal payment cards and security solutions, providing innovative technology that ensures trust in transactions [9]. - The company aims to deliver exceptional experiences and value for customers, shareholders, and employees through continued innovation and operational excellence [3][9].

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]

Transaction Highlights - CompoSecure 将与 Husky Technologies 合并，交易价格约为 50 亿美元[13]，相当于 Husky 2026 年预计净调整后 EBITDA 的 11.2 倍[13]，约为 4.45 亿美元[13] - 预计交易完成后第一年，CompoSecure 的盈利将增加 20% 以上[13] - 该交易预计将于 2026 年第一季度完成[13] Husky Technologies Overview - Husky 是全球领先的工程设备和售后服务制造商，拥有约 13,500 个已安装系统[13] - Husky 的售后市场零件和服务收入占比约为 65%[13] - Husky 在约 135 个国家拥有超过 3,500 名客户[19] - Husky 2025 财年预计收入约为 15.82 亿美元[19]，同比增长约 6%[19]，净调整后 EBITDA 约为 4 亿美元[19]，净调整后 EBITDA 利润率约为 25%[19] Pro Forma Company Financials - 合并后的公司 2026 年预计收入约为 22.25 亿美元[24]，净调整后 EBITDA 约为 6.35 亿美元[24]，净调整后 EBITDA 利润率约为 29%[24] - CompoSecure 业务的经常性收入占比约为 75%[15]，自由现金流转化率约为 94%[24] - Husky 业务的售后市场经常性收入占比约为 65%[15]，自由现金流转化率约为 87%[24] Transaction Funding and Ownership - 该交易的资金来源包括约 20 亿美元的普通股私募[13]，约 20 亿美元的债务[13]，以及 Platinum Equity 约 10 亿美元的股权转入[13] - 交易完成后，现有 CompoSecure 股东将持有合并后公司约 44.5% 的股份[36]，Platinum Equity 将持有约 19% 的股份[36]，私募投资者将持有约 36.5% 的股份[36]

Group 1 - CompoSecure, Inc. will host a conference call on November 10, 2025, at 5:00 p.m. EST to discuss its financial results for Q3 2025 [1] - The financial results will be reported in a press release prior to the conference call [1] - A live webcast and replay of the conference call will be available on the company's investor relations website [2] Group 2 - CompoSecure, founded in 2000, specializes in metal payment cards, security, and authentication solutions [3] - The company aims to deliver exceptional experiences and peace of mind in both physical and digital transactions [3] - CompoSecure's technology includes innovative payment card solutions and Arculus security features, enhancing trust during transactions [3]

Company Overview - CompoSecure is a leader in the design and manufacture of premium metal payment cards, having pioneered the metal card form factor and embedded payment card technology [3][4] - The company was founded in 2000 and went public in December 2021 through a SPAC merger [3] - Major customers include American Express and JP Morgan Chase, which together accounted for 70.5% of CompoSecure's revenue in 2023 [3] Business Model and Revenue - In 2023, CompoSecure generated revenue of US$390.6 million, with a production volume of 31 million metal cards [3][12] - The company’s revenue is primarily derived from the sale of metal cards, with 82.3% coming from the USA [3] - Contracts with major clients like American Express and JP Morgan Chase have been extended, ensuring a steady revenue stream [3] Product Innovation - CompoSecure has introduced innovative features in its payment cards, including biometrics, dynamic CVV, and LED indicators [3] - The company has also entered the cryptocurrency market with the Arculus Platform, offering secure storage and transaction solutions for digital assets [7] Market Opportunity - CompoSecure's market share in the payment card industry is approximately 0.7%, indicating significant growth potential [13] - The company sees opportunities for expanding metal card adoption among existing customers and in international markets, particularly in Europe, Asia, and Latin America [13] Financial Performance - CompoSecure's revenue CAGR from 2019 to 2023 was 12.6%, with a notable increase of 41.3% in 2022 [12] - The company has consistently generated profit and free cash flow, with a net profit of US$112.52 million in 2023 [15] - As of June 2024, CompoSecure had a total diluted share count of 112.52 million, resulting in a PE ratio of 12.9 and a PFCF ratio of 14.3 [15] Management and Ownership Changes - David Cote became the majority shareholder after investing US$372 million in August 2024, simplifying the company's capital structure [12][15] - Cote's track record includes significant operational improvements at Honeywell and Vertiv Holdings, which may benefit CompoSecure [10][15]

Group 1 - CompoSecure, Inc. will host a conference call on August 7, 2025, at 5:00 p.m. EDT to discuss its financial results for Q2 2025 [1][2] - The conference call will be led by Executive Chairman David Cote, President & CEO Jon Wilk, and CFO Tim Fitzsimmons, followed by a Q&A session [2] - A live webcast and replay of the conference call will be available on the company's investor relations website [2] Group 2 - CompoSecure, founded in 2000, specializes in metal payment cards, security, and authentication solutions, serving fintechs and consumers globally [3] - The company focuses on delivering premium branded experiences through innovative payment card technology and Arculus security capabilities [3] - CompoSecure aims to ensure trust at the point of transaction, enhancing user experience in both physical and digital environments [3]

Core Points - CompoSecure, Inc. announced the retirement of its Chief Financial Officer, Tim Fitzsimmons, after over 13 years of service, with a successor expected to be named in the second half of 2025, no later than January 1, 2026 [1][6] - Tim Fitzsimmons will serve as a consultant to ensure a smooth transition until January 1, 2027 [1][6] - The company reaffirms its full year 2025 guidance, projecting mid-single digit growth in both Consolidated Net Sales and Pro Forma Adjusted EBITDA [3][6] Company Leadership Transition - Jon Wilk, President and CEO, acknowledged Tim Fitzsimmons' significant contributions, including supporting critical corporate transactions and building a strong lending group for debt financing [2] - Fitzsimmons expressed gratitude for the opportunity to lead the Finance and IT teams and emphasized the transformation of CompoSecure from a family-owned business to a publicly traded company [2] - Executive Chairman Dave Cote highlighted Fitzsimmons' lasting impact on the company and his central role in building the foundation of the business [2] Financial Guidance - CompoSecure's guidance for 2025 includes the payment of the Resolute Holdings management fee on a pro forma basis for 2024 and 2025 [3]

Core Insights - CompoSecure, Inc. has released a report indicating that metal payment cards significantly drive growth for financial institutions, particularly among wealthy and younger consumers [1][2]. Consumer Preferences - 68% of respondents prefer a bank card program offering a metal payment card over others if rewards and benefits are equal, with this preference rising to 87% among ultra-high-net-worth individuals (UHNW) and 77% among those aged 18-25 [2][4]. - The survey identified key consumer segments favoring metal cards: 91% of the Elite, 90% of Innovators, and 89% of Up-and-coming individuals would choose metal payment cards if all rewards were equal [3]. Market Awareness and Demand - Awareness of metal cards has increased to 52%, up 11% from 2021 and 19% from 2018, with 67% awareness among those under 25 [5]. - 73% of global respondents are willing to pay extra for a metal payment card, with 96% of UHNW individuals expressing similar interest [5]. Brand Perception - Banks issuing metal cards are perceived as innovative (74%), environmentally conscious (70%), prestigious (67%), secure (64%), and cool (68%) [4][5]. - 63% of respondents would prefer a payment card made from eco-friendly materials if all rewards were equal, highlighting a growing climate consciousness [5]. Survey Methodology - The survey was conducted by Capuchin Behavioural Science, involving 21,250 participants across 17 global markets, providing a comprehensive view of consumer sentiment towards metal cards [6].

Core Viewpoint - CompoSecure, Inc. will host a conference call on March 5, 2025, to discuss its financial results for Q4 and the full year ended December 31, 2024 [1][2]. Group 1: Conference Call Details - The conference call will be led by Executive Chairman David Cote, President & CEO Jon Wilk, and CFO Tim Fitzsimmons [2]. - Participants are encouraged to register at least 15 minutes prior to the 5:00 p.m. EST start time [2]. - A live webcast will be available on the company's investor relations website [3]. Group 2: Company Overview - CompoSecure, founded in 2000, is a technology partner to market leaders, fintechs, and consumers, focusing on security and authentication solutions [4]. - The company offers innovative payment card technology and metal cards with Arculus security, enhancing user experience and trust in transactions [4].