Compass Diversified Holdings received a letter from ADW Capital Management reiterating a call for an immediate strategic-review process for an orderly liquidation of the company.
ADW, an activist hedge fund, said it has explained to board members that a full internalization of the external manager and carry vehicle could create $50 to $60 of value per share for Compass, a private-equity firm.
Compass shares were up 5.8% to $10.43 in recent trading, and have more than doubled since the start of the year.
The letter alleged that members of the board had conflicts of interest that led them to ignore strategies that would return value to shareholders.
Write to Grace Yoon at grace.yoon@wsj.com
(END) Dow Jones Newswires
July 16, 2026 14:09 ET (18:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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