Fox Factory completes acquisition of Marucci Sports

Fox Factory announced it has closed its acquisition of Wheelhouse Holdings, the parent company of Marucci Sports, at an enterprise value of $572M. Additional benefits of the transaction include: The deal provides immediate financial benefit – the transaction is expected to be accretive across all key financial performance metrics for FOX, including revenue, EBITDA margin and earnings per share. The significant growth power of the Marucci business. The potential for value-additive synergies. The compounded value of compatible company cultures. Builds on FOX’s history of successful diversification through acquisitions. “Our acquisition of Marucci represents a major milestone for FOX as we continue to identify ways to drive synergistic growth without compromising the core identity and values that have been so crucial to our success,” said Mike Dennison, FOX’s Chief Executive Officer. “This deal is not about baseball. It’s about adding a business to our platform that clearly meets our growth criteria, given that each company’s individual power to grow and deliver shareholder value will be stronger together. Importantly, Marucci and its team share our commitment to winning through superior innovation and quality products in order to help drive leading positions in each of the key markets where we compete.”