FOXF completed the sale of Marucci Sports to Squared Up Holdings, LLC, an investor group led by the baseball brand’s senior management, for an enterprise value of $225 million and will use the proceeds to reduce debt. Fox Factory paid Compass Diversified an enterprise value of $572 million in late 2023 for Marucci, which it touted at the time as an opportunity to grow the brand internationally and benefit from the added technology and innovation. The purchase was financed entirely with new and existing debt, loading up ... Log in to view full article.