Mergers & Acquisitions ·
Fox Factory Holding Corp. completed the sale of its wholly owned subsidiary Marucci Sports to an investor group led by…
FOXFFox Factory Holding Corp
Fox Factory Holding Corp. completed the sale of its wholly owned subsidiary Marucci Sports to an investor group led by existing management for a total enterprise value of $225 million on September 25, 2026. The transaction consideration includes $200 million in cash received at closing and a $25 million unsecured subordinated convertible promissory note maturing December 31, 2026. Fox Factory applied the full $200 million cash proceeds to reduce outstanding borrowings under its credit facility, lowering net leverage from 3.7 times to approximately 2.7 times and reducing annualized interest expense by roughly $16 million. The company incurred approximately $7.5 million in transaction-related costs. Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium suspension products and components for specialty sports and vehicles.