Compass Diversified (NYSE: CODI) entered into a definitive agreement to acquire The Honey Pot Co. for an enterprise value of $380 million on January 14, 2024. The acquisition is expected to close in February, subject to customary closing conditions.

The Honey Pot Co. will continue to be led by its current leadership team, and existing owners and management will retain a significant minority stake in the company. Perella Weinberg Partners served as financial advisor and Winston & Strawn LLP acted as legal advisor to The Honey Pot Co., Gibson, Dunn & Crutcher LLP represented The Honey Pot Co.?s management.

William Blair & Company acted as financial advisor and Ropes & Gray LLP acted as legal counsel to Compass Diversified.