Resolute Holdings is a management company that earns fees for operating businesses owned by GPGI, a permanent capital platform. Resolute Holdings holds no equity in the businesses it manages — instead, it provides day-to-day operational and strategic oversight in exchange for recurring management fees structured as 2.5% of each managed business's trailing 12-month Adjusted EBITDA. These agreements carry initial 10-year terms with automatic renewals, making the fee streams long-duration. Resolute Holdings currently manages two GPGI subsidiaries: CompoSecure, the leading designer and manufacturer of premium metal payment cards for financial institutions, and Husky, the leading global manufacturer of injection molding equipment and aftermarket tooling and services for packaging, food and beverage, medical, and consumer products customers. As Resolute Holdings' managed businesses grow their EBITDA, management fees grow proportionally. Resolute Holdings drives organic growth through its proprietary "Resolute Operating System," a framework for improving performance at managed businesses. Inorganic growth comes from adding new businesses to GPGI's portfolio — each new acquisition generates an additional fee stream. The acquisition of Husky for approximately $5B in early 2026 illustrates this model. Resolute Holdings consolidates GPGI as a variable interest entity, so its financial statements reflect the full results of both managed businesses despite holding no equity in them.