Mergers & Acquisitions ·
Fox Factory Holding Corp. completed the divestiture of its Marucci Sports business to Squared Up Holdings, LLC, an…
FOXFFox Factory Holding Corp
Fox Factory Holding Corp. completed the divestiture of its Marucci Sports business to Squared Up Holdings, LLC, an investor group led by former Marucci management. The transaction closed on September 25, 2026, with an enterprise value of $225 million. Consideration consisted of $200 million in cash and a $25 million unsecured subordinated convertible promissory note due December 31, 2026. Fox Factory applied the net cash proceeds to reduce outstanding borrowings under its credit facility and incurred approximately $7.5 million in transaction costs. The divestiture resulted in a pre-tax loss of $112.6 million on disposed net assets plus transaction expenses. Fox Factory Holding Corp. designs, engineers, and manufactures high-performance suspension systems for off-road vehicles, motorcycles, and automobiles.