5.11 Tactical, a subsidiary of Compass Diversified, will open its 100th store in Oxnard, CA, on September 17, 2022.
“I’m proud of the 5.11 team’s relentless commitment to our retail strategy, which brings us to the opening of our 100th retail store this weekend,” said Francisco J. Morales, CEO, 5.11. “This is an incredible milestone to celebrate at 5.11, as our increased retail presence allows existing customers to continue to experience our products while offering more opportunities to engage customers at new locations. Since partnering with CODI in 2016, we have made significant investments that have enabled 5.11 to seize a powerful direct-to-consumer opportunity and deliver significant revenue growth from e-commerce and company-owned retail channels. Today, 5.11 is a globally recognized brand distributed in 120 countries and well-positioned for further expansion and value creation.”
“Our CODI team prides itself on investing in, and building niche, middle market businesses with premier product portfolios, and we are proud of 5.11’s progress since our partnership began,” said Elias Sabo, CEO, Compass Diversified. “In fact, from 2018 to 2021, CODI’s operational and financial resources helped 5.11 grow revenue and adjusted EBITDA at a CAGR of 9 percent and 23 percent, respectively, while accelerating its retail strategy by growing store units at a 24 percent CAGR during the same period. Over the last five years, we have invested over $70 million of growth capital in retail stores, an omnichannel-capable ERP system and a LEED-certified distribution facility. We continue to showcase our expertise in building global brands and congratulate the 5.11 team on their incredible 100-store milestone, and we look forward to our continued collective success.”
