I predicted that CODI would announce an (accretive) acquisition by June 30, 2009, using the proceeds from the spring 2009, secondary. (This is just an example of why one should never believe anything one reads on the internet!)
From the 5/27/09 CC: "Pursuing 1-2 acquisitions over the next 12 months."
From 8/10/09 CC: "An acquisition by end of "09 is a reasonable expectation." Advanced Circuits looking to acquire customer lists. (I believe at least one customer list was acquired in Q2.) Anodyne is looking at a joint venture.
From 9/20/09 WiseInvestorShow: There are buying opportunities in manufacturing companies, particularly cap equip manufacturing and consumer products manufacturing. No timeline provided.