Fintech firm to buy Husky for US$5 billion

CompoSecure, Inc., a fintech firm backed by former Honeywell CEO David Cote and former Goldman Sachs banker Tom Knott, is set to acquire leading injection molding systems and services provider Husky Technologies from Platinum Equity. The combined business is anticipated to be valued at approximately US$7.4 billion.

According to the Wall Street Journal, the deal is valued at around US$5 billion, including debt. Platinum Equity acquired Husky from Berkshire Partners and Omers Private Equity for approximately US$4 billion in 2018.

Husky will operate as a standalone business alongside CompoSecure, retaining its current management team. There will be no immediate changes to operations or customer experience.

CompoSecure announced US$7.4 billion business combination with Husky Technologies. (Photo: Platinum Equity)

Bradley Selleck, CEO of Husky Technologies, emphasized the company’s continued commitment to investing in the technologies, systems, and capabilities that are most important to its customers and team members.

Dave Cote, Executive Chairman of CompoSecure, said: “This is a business Tom [Knott] and I have long admired, and it hits all the key criteria we look for in every investment – it holds a great position in a good industry, significant technology differentiation, organic and inorganic growth possibilities, and margin expansion potential.”

Louis Samson, Co-President of Platinum Equity, Husky’s current shareholder, added: “We have great respect for David Cote’s leadership, share his conviction in this opportunity and are excited to roll more than US$1 billion of equity into the deal.”

The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approval.