Compass Diversified Holdings commenced a public offering of 5 million common shares, with a 30-day option for the underwriters to purchase up to an additional 750,000 common shares. Net proceeds from the offering will be used to repay a portion of the outstanding balance of the company’s revolving credit facility.

Morgan Stanley, BofA Securities, UBS Investment Bank and RBC Capital Markets are acting as joint book-running managers for this offering.

CODI’s businesses include 5.11, Advanced Circuits, Arnold Magnetic Technologies, Ergobaby, Foam Fabricators, Liberty Safe, Marucci Sports, Sterno and Velocity Outdoor.