In a bold move poised to reshape both the fintech and manufacturing landscapes, CompoSecure Inc., advised by Paul Weiss Rifkind Wharton & Garrison LLP, announced Monday that it will merge with Husky Technologies Ltd., a major player in engineered equipment and aftermarket services. The merger, guided by Latham & Watkins LLP on Husky’s side, will value the combined entity at approximately $7.4 billion.
The deal marks one of the most notable cross-sector mergers of the year, combining CompoSecure’s premium metal payment card and authentication technology with Husky’s world-class manufacturing expertise in plastic products and industrial machinery.
A Strategic Marriage of Innovation and Engineering
Under the agreement, CompoSecure will acquire Husky from private equity firm Platinum Equity, which has owned Husky since 2018. Platinum Equity will retain significant skin in the game — rolling over more than $1 billion in equity into the transaction.
According to the joint statement, the newly combined enterprise will boast a pro forma enterprise value of about $7.4 billion, signaling a powerful synergy between digital security and advanced manufacturing capabilities.
Founded in 2000, CompoSecure has carved a niche in designing luxury metal payment cards and authentication solutions for banks, fintech firms, and businesses worldwide. Meanwhile, Husky’s machinery and technologies are used in producing essential plastic goods — from medical devices and food containers to consumer electronics.
