CompoSecure Q2 sales hit record $108.6M; Resolute to acquire majority for $372M

GPGI, Inc.

Q2 net sales $108.6M (+10% YoY); net income $33.6M (+3%); adj. EBITDA $40.0M (+8%).
Fiscal 2024 guidance narrowed: net sales $418-428M, adj. EBITDA $150-157M.
Resolute Holdings (David Cote Family) to acquire majority via $372M investment; Cote becomes executive chairman.
Dual-class structure to be eliminated; transaction expected to increase annualized FCF by >$20M.
Credit facility amended: lower rate, extended to Aug 2029, $200M term loan, $130M revolver.

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