Fox Factory to acquire Wheelhouse (Marucci Sports) for $572M enterprise value

FOX FACTORY HOLDING CORP

Enterprise value of $572 million; purchase price subject to working capital and debt adjustments.
Acquisition financed via up to $400M term loan and $200M delayed draw term loan under existing credit facility.
Transaction expected to close in November 2023; subject to HSR and other customary conditions.
Wheelhouse owns Marucci Sports, a designer and marketer of premium baseball/softball equipment.
Incremental term loans carry SOFR + 1.50-2.50% margin with April 2027 maturity.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FOX FACTORY HOLDING CORP entered into Agreement and Plan of Merger with Wheelhouse Holdings Inc. valued at Merger of Marucci Merger Sub, Inc. with and into Wheelhouse Holdings Inc. (effective 2023-11-01).

Action: entry
Agreement: merger
Counterparty: Wheelhouse Holdings Inc.
Value: Merger of Marucci Merger Sub, Inc. with and into Wheelhouse Holdings Inc.
Effective: 2023-11-01

Exact text from the filing

AGREEMENT AND PLAN OF MERGER BY AND AMONG FOX FACTORY, INC., MARUCCI MERGER SUB, INC., WHEELHOUSE HOLDINGS INC. and THE EQUITYHOLDERS’ REPRESENTATIVE NAMED HEREIN Dated as of November 1, 2023

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FOX FACTORY HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001424929-23-000153

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