Exhibit 99.1
Compass Diversified to Discuss Strategy, Transformation and Growth Potential
at Virtual Investor Day
Presentation Begins Today at 1:00 PM ET
WESTPORT, Conn. – December 9, 2021 – Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today will host its 2021 Virtual Investor Day, where the Company’s management team will discuss CODI’s proven strategy, its transformation and its long-term growth potential. The event will also include a presentation from Kurt Ainsworth, CEO of Marucci Sports.
“Investor day is an exciting forum to discuss the transformation underway at CODI while also outlining the compelling opportunity in front of us,” said Elias Sabo, Chief Executive Officer of CODI. “Over the past year, we have taken a number of strategic actions to evolve our business, increase our growth rate and lower our weighted average cost of capital. In pursuit of our long-term goal of achieving $1 billion of EBITDA, we believe now is the right time to begin to explore new opportunities in healthcare – an attractive, high-growth market with advantageous demographics. We look forward to executing on our strategy to strengthen our competitive position and continue to drive value for our shareholders.”
CODI Successfully Executing to Create Shareholder Value
| • | | Generating consistently superior returns with long-term, opportunistic approach led by experienced management team. |
| • | | Building a competitive advantage with a strengthened capital structure and a lower weighted average cost of capital. |
| • | | Creating value through actively partnering with management to grow and manage businesses for the long term. |
| • | | Instilling superior governance and transparency at a highly accountable organization. |
Presentation from Marucci Sports
Founded in 2009, Marucci Sports has become the leading manufacturer and distributor of baseball and softball equipment as the number one bat in the big leagues. At today’s event, Marucci CEO, Kurt Ainsworth, will provide an overview of Marucci’s:
| • | | Leading position in diamond sports; |
| • | | Competitive advantages in the consumer market; |
| • | | Focus and strategies for continued growth, including expansion into new categories |
Presentation from CODI
In today’s presentation, CODI’s management team will discuss the Company’s strong financial position, including:
| • | | Execution on CODI’s long-term strategy and its growth potential; |
| • | | The strategic path to achieve $1 billion of EBITDA, including the exploration of the new Healthcare vertical; |
| • | | Efforts to strengthen CODI’s capital structure and lower its weighted average cost of capital; and |
| • | | 2021 financial performance, guidance and outlook. |
Webcast Information
Today’s Virtual Investor Day will begin at 1:00 pm ET. A live video webcast including audio, video, presentation materials and an archived replay, is available here: CODI 2021 Virtual Investor Day, or on the Investor Relations section of CODI’s website, https://www.compassdiversified.com/. Please allow extra time prior to the start of the event to download any necessary software that may be needed to view the webcast.