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.

Leaders Confident in the Strategic Fit

“We are delighted to announce the business combination with Husky,” said David Cote, Executive Chairman of CompoSecure. “It hits all the key criteria we look for in every investment — strong market position, advanced technology, room for growth, and margin expansion potential. We’re thrilled to collaborate with the Husky team and believe this merger positions us to deliver exceptional value to our investors.”

Following the completion of the deal, Husky will operate as a stand-alone division under the CompoSecure umbrella while retaining its existing management structure. Additionally, Platinum Equity Co-President Louis Samson and Managing Director Delara Zarrabi will join CompoSecure’s board of directors, bringing continuity and strategic oversight.

Platinum Equity Bets Big on the Future

“We believe this combination will create significant value and unlock new opportunities for Husky and its stakeholders,” Samson said. “We deeply respect David Cote’s leadership and vision. Our decision to roll over more than $1 billion of equity demonstrates our unwavering confidence in this partnership.”

The transaction is slated to close in the first quarter of next year, pending regulatory approvals and customary closing conditions.

Top Legal Minds Powering the Deal

Behind the scenes, the merger has been orchestrated by elite legal teams on both sides.
For CompoSecure, Paul Weiss Rifkind Wharton & Garrison LLP fielded a team led by partner Laura Turano.

On Husky’s and Platinum Equity’s side, Latham & Watkins LLP marshaled a multi-disciplinary team headed by partners David Brown and Victoria VanStekelenburg.

A Deal That Merges Security With Scale

This CompoSecure to merge with Husky Technologies deal represents more than just a financial transaction — it’s a fusion of digital precision and industrial power. By marrying CompoSecure’s security-driven fintech innovation with Husky’s global manufacturing footprint, the new powerhouse aims to redefine what it means to merge technology with tangible production.

If closed as planned, the $7.4 billion merger could serve as a blueprint for future partnerships bridging digital security, sustainable materials, and advanced engineering — proving that in today’s global economy, innovation thrives at the crossroads of unexpected industries.