GPGI (formerly CompoSecure) is a permanent capital holding company with two operating businesses: CompoSecure and Husky. CompoSecure manufactures premium metal payment cards for banks and fintechs, claiming roughly 75%+ global market share, with over 32 million cards delivered in 2025 to more than 150 customers — including American Express, JPMorgan Chase, and Capital One — across 200 card programs. Revenue is driven by cards shipped and price per card, with demand that is inherently recurring due to card replacement cycles, program expansions, and ongoing upgrades from plastic to metal. CompoSecure manufactures out of Somerset, New Jersey and holds over 1,000 patents. CompoSecure also operates Arculus, a secondary business using the metal card form factor for secure digital authentication and cryptocurrency cold storage, which reached positive EBITDA contribution in Q4 2024. Husky, acquired in January 2026 for approximately $5B, is a global leader in injection molding equipment for PET beverage bottles, food and packaging, medical devices, and consumer products, serving roughly 4,000 customers across 140 countries. Husky follows a razor/razor blade model — selling equipment upfront then generating recurring revenue from aftermarket parts, tooling, service contracts, and upgrades, which account for roughly 65% of Husky's revenue. GPGI is structured as an acquisitive permanent capital platform, aiming to acquire additional market-leading businesses by offering upfront cash, certainty of close, and stable long-term ownership.