PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Catterton sells Liberty Safe to Compass Diversified Holdings

Catterton Partners, a consumer-focused private equity firm, has sold Liberty Safe and Security Products, a seller of full-size residential safes in the US, to an affiliate of Compass Diversified Holdings.

Since investing in Liberty Safe in 2005, Catterton Partners has worked with the Liberty Safe team to implement a number of manufacturing, sales and marketing initiatives that have enabled the company to increase sales by approximately 15 per cent per annum and more than double its earnings. 

Over this period, Liberty Safe has transitioned from a manufacturing to a sales orientation. In addition, the company has expanded its distribution footprint and doubled its sales to national, big box and sporting goods retailers, while also strengthening its reach and relationships in its traditional dealer channel.

"We are proud of the profitable growth and market expansion that Liberty Safe has achieved working with Catterton," says Jeff Talley, president and chief executive officer of Liberty Safe. "Catterton’s expertise and guidance have been instrumental in the exceptional results we have delivered over the last five years. We appreciate the partnership Catterton has extended in helping us to build our business and look forward to continuing this momentum as part of Compass Diversified Holdings."

Scott Dahnke, managing partner of Catterton Partners, adds: "Through a dedication to superior products and service and a drive towards continuous improvement, the Liberty Safe team has established an enviable leadership position in the industry. We are pleased to have worked with this talented team and to have participated in the company’s success."

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured