Fox Factory completes USD 225 million sale of Marucci Sports to investor group led by management

Bitget2026/09/25 20:10

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fox Factory Holding Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609251610PRIMZONEFULLFEED9834307) on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fox Factory completes USD 225 million sale of Marucci Sports to investor group led by management

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