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Here are a few analogies for GPGI:

• They are the Tiffany & Co. for premium bank cards, designing and manufacturing the high-end metal credit cards issued by financial institutions.
• They are like Ledger or Trezor for cryptocurrency cold storage wallets, providing a secure hardware solution for digital assets.

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• Financial Transaction Cards: The company manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards.
• Arculus Cold Storage Wallet: This is a three-factor authentication solution comprising the Arculus Key card hardware device and companion Arculus Wallet mobile App for securely storing cryptocurrency and digital assets.

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Major Customers of GPGI (CompoSecure, Inc.)

GPGI (CompoSecure, Inc.) sells primarily to other companies. Based on the provided description, its major customers fall into the following categories:

• Financial institutions
• Plastic card manufacturers
• Government agencies
• System integrators
• Security specialists

The provided company description does not list specific names of customer companies or their public symbols.

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Thomas R. Knott, Principal Executive Officer

Mr. Knott was designated as GPGI's principal executive officer effective January 22, 2026. He also serves as the Chief Investment Officer and a board member for GPGI. Mr. Knott partnered with David Cote in the acquisition of Vertiv and has been involved with CompoSecure and Husky, suggesting a consistent approach to acquiring and growing businesses. He co-led the acquisition of majority ownership in CompoSecure through Resolute Holdings I, LP. This demonstrates a pattern of managing companies and involvement with acquisitions, often with private equity backing given Resolute Holdings Management, Inc.'s role in managing GPGI.

Kurt Schoen, Principal Financial Officer

Mr. Schoen was designated as GPGI's principal financial and accounting officer effective January 22, 2026. He also serves as the Chief Financial Officer of Resolute Holdings. His role with Resolute Holdings, which manages GPGI, Inc., indicates a pattern of managing companies backed by private equity firms.

Graham Robinson, President & Chief Executive Officer, CompoSecure, L.L.C.

Mr. Robinson was appointed President and Chief Executive Officer of the CompoSecure business (an indirect, wholly-owned subsidiary and reporting segment of GPGI) effective January 22, 2026. He is a 30-year industry veteran with extensive global executive experience in the technology and industrial sectors. Most recently, he served as Operating Executive for The Carlyle Group, a private equity firm, and was SVP & Global President of Stanley Black & Decker's Industrial business from 2020 to 2025. Prior to that, he held various leadership positions at Honeywell from 2013 to 2020. His experience includes a strong background in mergers and acquisitions. His background with The Carlyle Group demonstrates a pattern of managing companies backed by private equity firms.

Mary Holt, Chief Financial Officer, CompoSecure, L.L.C.

Ms. Holt was appointed Chief Financial Officer of CompoSecure, L.L.C., effective after the filing of the company's Q3 2025 Quarterly Report (around October 2025). She brings over three decades of financial leadership experience to CompoSecure. Most recently, she served as Senior Vice President of Finance Operations, Utilities and Power SBG at Warren Equity Partners, a private equity firm. Before that, she spent over 17 years at Honeywell in senior finance roles, including Chief Financial Officer positions in multiple divisions, and also held leadership positions at Pfizer and Arthur Andersen. Her experience with Warren Equity Partners indicates a pattern of managing companies backed by private equity firms.

Greg Maes, Chief Operating Officer, CompoSecure, L.L.C.

Mr. Maes serves as the Chief Operating Officer of CompoSecure, L.L.C.

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Here are the key risks to GPGI's business:

1. Substantial Indebtedness and Financial Flexibility: GPGI carries substantial debt, which could limit its operational flexibility, restrict further borrowing, and expose the company to interest rate risk. Its ability to service this debt is dependent on continued strong cash flows. The recent approximately $4.976 billion acquisition of Husky Technologies was largely debt-supported.
2. High Customer Concentration in the CompoSecure Segment: GPGI Inc.'s CompoSecure business, which manufactures metal payment cards and offers digital asset security solutions, relies heavily on a limited number of key customers. JPMorgan Chase and American Express, for example, comprise more than half of CompoSecure's net sales. The loss of one or more significant clients could materially impact the company's financial performance and lead to a decline in demand for its products.
3. Evolving Regulatory Landscape and Technological Disruption in Digital Assets and Payment Solutions: GPGI faces risks from the rapidly changing regulatory environment surrounding digital assets, such as its Arculus Cold Storage Wallet, where uncertainties and potential changes in tax laws could impact its growth trajectory. Additionally, the payment and digital asset industries are characterized by rapid technological advancements and intense competition, requiring continuous investment in research and development to maintain its competitive edge against new market entrants and evolving consumer preferences.

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GPGI (CompoSecure, Inc.) operates in two primary addressable markets:

Metal Payment Cards

The global market size for metal payment cards was estimated at approximately USD 1.82 billion in 2024. This market is projected to grow significantly, reaching an estimated value of USD 8.93 billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 19.6% from 2025 to 2033.

Regionally, North America holds a dominant position in this market, accounting for over 38% of the global revenue in 2024.

Arculus Cold Storage Wallet (Cryptocurrency Cold Storage Wallets)

The global market size for crypto cold storage wallets was estimated at approximately USD 1.63 billion (USD 1634.5 million) in 2024. This market is forecast to increase to approximately USD 3.14 billion (USD 3144.8 million) by 2031, with a CAGR of 9.80% from 2024 to 2031.

North America constituted a significant portion of this market in 2024, holding more than 40% of the global revenue with a market size of USD 653.80 million.

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Expected Drivers of Future Revenue Growth for GPGI (CompoSecure, Inc.)

Over the next 2-3 years, GPGI (CompoSecure, Inc.) is expected to drive future revenue growth through several key initiatives:

1. Sustained Domestic Demand for Metal Payment Cards: CompoSecure anticipates continued robust growth in its domestic metal payment card business. This segment has consistently demonstrated strong performance, with domestic net sales for metal payment cards increasing by 9% in Q4 2023. The company is a global leader in premium metal payment cards, maintaining relationships with top U.S. card issuers and a growing base of fintech customers. Approximately 75% of CompoSecure's revenue is recurring, stemming from replacement and reissue cycles, which underpins predictable future demand.
2. Expansion of the Arculus Digital Authentication Platform: The Arculus digital authentication platform is a significant growth driver, having scaled in 2025 and becoming a growing contributor to revenue. Management expects Arculus to gain further momentum as fintech companies increasingly adopt its innovative technology for integrated security solutions and new card programs. Furthermore, Arculus Authenticate capabilities are being integrated with payment solutions, indicating potential for diversification.
3. International Growth in Metal Payment Card Markets: CompoSecure is strategically focused on expanding its international presence in the metal payment card market. While international sales can be more variable, the company achieved an 11% increase in international net sales in 2024, reflecting successful market entry strategies. CompoSecure aims for international business to constitute approximately 20% of its total annual net sales mix.
4. New Customer Acquisition and Program Expansions: The company's ability to continually secure new customer wins and expand existing programs with both traditional banks and fintech clients is a direct driver of revenue growth. CompoSecure has successfully launched several high-profile customer programs, including a new, limited edition payment card and the Robinhood Gold Card.
5. Operational Efficiencies and Innovation in Card Constructions: While primarily impacting profitability, the implementation of the Resolute Operating System (ROS), also referred to as the CompoSecure Operating System (COS), is expected to drive operational efficiencies and improved production yields, particularly for new and innovative card constructions. These efficiencies can indirectly fuel revenue growth by enabling more competitive pricing, faster product development, and enhanced customer satisfaction, thereby leading to increased market share and adoption of their premium products. The ROS is designed to contribute to over 100 basis points of annual margin expansion and sustained double-digit EBITDA growth.

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Share Repurchases

• In February 2025, CompoSecure announced an expansion of its share repurchase program, authorizing up to $100 million in repurchases.
• By November 3, 2025, CompoSecure had repurchased approximately 648,000 shares for $12.2 million.

Share Issuance

• For the fiscal year ending December 31, 2025, financing activities generated $120.7 million, largely from the proceeds of equity issuance.
• In December 2025, CompoSecure's stockholders approved the issuance of Class A Common Stock to facilitate the business combination with Husky Technologies.
• Upon the close of the Husky acquisition in January 2026, the combined entity was capitalized by an existing over $1 billion equity investment from Mr. Cote, Platinum Equity's $1 billion of rolled equity from Husky, and approximately $2 billion from new private investment in public equity (PIPE). Additionally, holders exercised 18.8 million warrants for about $149.5 million in cash on November 3, 2025.

Inbound Investments

• The business combination with Husky Technologies, which ultimately led to the formation of GPGI, was partly funded by a private placement of approximately $2.0 billion and an equity rollover of about $1.0 billion from Platinum Equity.
• David Cote's investment in CompoSecure, made around 2024, has been cited as a factor in the company's operational improvements.

Outbound Investments

• In November 2025, CompoSecure announced its acquisition of Husky Technologies Limited for approximately $5 billion. This transaction closed in January 2026 and led to CompoSecure rebranding as GPGI, Inc. The combined entity was valued at approximately $7.4 billion.
• CompoSecure completed the spin-off of its subsidiary, Resolute Holdings Management, Inc. (RHLD), into a separate public company on February 28, 2025.

Capital Expenditures

• As of November 2025, capital expenditures for CompoSecure Holdings (which includes Husky post-acquisition) were forecasted to be 3%-4% of revenue.