Fox Factory completes USD 225 million sale of Marucci Sports to investor group led by management
Bitget2026/09/25 20:10- Fox Factory completed the sale of Wheelhouse Holdings, parent of Marucci Sports, to Squared Up Holdings for an enterprise value of USD 225 million.
- Consideration includes USD 200 million cash at closing, subject to adjustments, applied in full to repay credit-facility borrowings.
- A USD 25 million unsecured subordinated convertible promissory note matures Dec. 31, 2026; unpaid balances can be converted into equity.
- Net leverage fell to about 2.7x from 3.7x, based on a pro forma July 3, 2026 closing assumption.
- Annualized interest expense is expected to drop about USD 16 million, rising to about USD 17 million once the note is paid.
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