Business
Fox Factory Completes Acquisition of Marucci Sports, Enhancing Combined Company’s Ability to Deliver Diversified Revenue and Profitable Growth
$572 million acquisition will be immediately accretive to top and bottom-line Combination offers expected engineering, manufacturing and sourcing
About this update from Fox Factory Holding Corp.
[{"type":"text","content":"$572 million acquisition will be immediately accretive to top and bottom-line Combination offers expected engineering, manufacturing and sourcing synergiesCompanies share complementary cultures that drive category leadership in enthusiast brands by successfully winning over passionate consumer basesFOX recently reaffirmed 2025 target of $2.0 billion sales and 25% adjusted EBITDA margin – which excludes MarucciAcquisition continues FOX’s track record of generating successful returns from M&A outside of legacy core shock and suspension business DULUTH, Ga., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today announced it has closed its acquisition of Wheelhouse Holdings, Inc., the parent company of Marucci Sports LLC (“Marucci”), at an enterprise value of $572 million. Marucci is an industry-leading designer, manufacturer and distributor of premium performance baseball, softball and other sports-related products. The acquisition advances FOX’s position as a diversified provider of market-leading branded products with a proven ability to win over both professional athletes and passionate consumer bases, while positioning the combined company for future profitable growth. Marucci will be part of FOX’s Specialty Sports Group (“SSG”). 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 – Marucci participates in a $3M global TAM with a market share of","length":2482,"tagName":"div"}]