Divestiture/carve-outMar 30, 2026Completed
🇺🇸 United States
SFSterno Food Service Business (SternoCandleLamp Holdings, Inc.)AFArcher Foodservice Partners
Consumer & Retail › Consumer Products
Enterprise value$293MEnterprise value
AnnouncedMar 30, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Compass Diversified (CODI) entered into an agreement to sell the food service business of its majority-owned subsidiary Sterno to Archer Foodservice Partners, a Wynnchurch Capital portfolio company, for an enterprise value of $292.5 million. The agreement excludes Sterno's Rimports home fragrance business, which CODI retained.
Deal rationale
CODI will use the net proceeds to repay debt and accelerate deleveraging, bringing its senior secured net leverage ratio below 1.0x.
AI-generated from the SEC filingCompletedConsumer & Retail › Consumer ProductsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $293M | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
RJRaymond James
Parties
Target
SFSterno Food Service Business (SternoCandleLamp Holdings, Inc.)
- Headquarters
- United States
- Ticker
- —
Acquirer
AFArcher Foodservice Partners
- Headquarters
- United States
- Ticker
- —