Harris Williams & Co. Advises The ERGObaby Carrier, Inc. in its Sale to Compass Diversified Holdings
Harris Williams & Co. is pleased to announce the sale of The ERGObaby Carrier, Inc. (ERGObaby) to Compass Diversified Holdings. The transaction closed on September 16, 2010. Harris Williams & Co. acted as the exclusive advisor to ERGObaby. The transaction was led by the firm's San Francisco office.
Founded in 2003, ERGObaby is a worldwide leader in high-quality, innovative babywearing products and accessories. ERGObaby designs and sells hands free baby carriers, for babies, from newborn to toddler that can be worn in the front, back, or hip positions, as well as associated accessories.
Compass Diversified Holdings (NASDAQ:CODI) owns and manages a diverse family of established North American middle market businesses. Each of its eight subsidiaries is a leader in their niche market. CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. The company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in their long-term growth and to make cash distributions to its owners.