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Article Date: September 2020
Word Count: 319

Compass Diversified Buys Boa for $454 Million

CODI will add Boa Technology to its portfolio of brands for a purchase price of $454 million, or a 15x multiple of the company’s EBITDA of about $30 million, which it generated on more than $100 million in revenue. It has been growing at a CAGR of about 18% over the past three years, but is tracking roughly flat in 2020 so far due to the Covid impact. Boa and its 230 employees will continue to be led by Wolverine, Footaction and Reebok veteran Shawn Neville and its current management team, and will maintain its headquarters in Denver, CO. Management ... Log in to view full article.


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