By Dean Seal
Compass Diversified Holdings has completed the sale of Ergobaby, its majority-owned baby-carrier company, to a private equity firm for an undisclosed amount.
The portfolio company that owns middle-market businesses ranging from Sterno to Primaloft on Monday said it has divested The Ergo Baby Carrier, better known as Ergobaby, to Dallas-based Highlander Partners.
Proceeds from the deal will be used to pay down debt and for general corporate purposes, the company said.
"We are excited for our next chapter and feel we are well-positioned for continued success with Highlander," Ergobaby Chief Executive Jason Frame said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
December 30, 2024 08:35 ET (13:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。