Compass Diversified has purchased PrimaLoft from private equity firm Victor Capital Partners.

PrimaLoft is involved in the research and development of advanced insulations and fabrics.

“We are thrilled with the remarkable progress and value creation delivered by Mike Joyce and the entire PrimaLoft team during our partnership,” said Douglas Korn, founder of Victor Capital. “PrimaLoft has introduced industry-leading innovations, including the successful launch of proprietary, high-performance materials that reduce environmental impact, and we are proud to have contributed our experience and resources to this tremendous success story.”

William Blair & Company is serving as lead financial advisor to PrimaLoft along with Baird. Legal advisors to PrimaLoft are Blank Rome LLP.