Compass will pay $200 million for the Baton Rouge, LA-based baseball and softball equipment company, representing about 13.8x 2019 adjusted EBITDA of $14 - $15 million. By selling out to a publicly traded company, Marucci avoided the clutches of private equity unlike most of its competitors. Rawlings, which was owned by Newell as part of the Jarden acquisition, was sold off in 2018 to Seidler Equity Partners and the MLB. And the year before, Sagard Holdings and Fairfax Financial formed Peak Performance Athletics, which acquired Easton from the bankrupt Performance Sports Group.

CODI plans to grow Marucci’s product portfolio, expand into ... Log in to view full article.