Irvine retailer and maker of tactical gear for military and law enforcement 5.11 ABR Corp. is looking to go public.
The company said it filed this week a confidential draft registration statement with the Securities and Exchange Commission for an initial public offering.
5.11 is part of Westport, Conn.-based Compass Diversified (NYSE: CODI) which owns a portfolio of 10 business that includes circuit board maker Advanced Circuits, packaging and insulation company Altor Solutions and baseball and softball equipment and clothing company Marucci Sports.
Compass had a recent market cap of $1.8 billion.
5.11, which was started in 2003 as a spin off from outdoor brand Royal Robbins, came under the Compass family of businesses through a 2016 sale for $408.2 million.
The company has nearly 100 retail locations globally and a workforce of about 950.
5.11 ended last year with net sales of $401.1 million, up 3.2% from the prior year.
