Compass Diversified (NYSE:CODI) has entered into a definitive agreement to acquire an unknown majority stake in The Honey Pot Company, LLC for enterprise value of $380 million on January 16, 2024. As part of transaction, 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 and The Honey Pot Co.?s Co-Founder, Beatrice Dixon, will continue to lead the company in her current role as CEO and Chief Innovation Officer.

The acquisition is expected to close in February, subject to customary closing conditions. Perella Weinberg Partners acted as financial advisor and Winston & Strawn LLP acted as legal advisor to The Honey Pot Co., while 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 advisor to Compass Diversified.