Fox Factory to Acquire Marucci Sports from CODI
FOXF is buying Wheelhouse Holdings, the baseball and softball equipment maker’s parent company, from its former owner, Compass Diversified Holdings and other entities for an enterprise value of $572.0 million. The deal is expected to close this month. To pay for it, Fox inked a commitment letter to secure a $400 million term loan and a delayed draw $200 million term loan through its existing credit facility. Incorporating Marucci’s revenue is expected to put Fox in range of its 2025 revenue goal of $2 billion, and will be immediately accretive to ... Log in to view full article.