---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-23-000156"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:13:08.176435+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fox Factory closes $572M acquisition of Marucci Sports; expects immediate accretion

## Summary
- Acquired Wheelhouse Holdings (Marucci Sports) for $572M EV; funded via $400M term loan + $200M delayed draw.
- Transaction expected to be accretive on revenue, EBITDA margin, and EPS; Marucci in Specialty Sports Group.
- Marucci's 22%/33% revenue/EBITDA CAGRs since 2019; FOXF reaffirms 2025 target of $2B sales & 25% EBITDA margin (ex-Marucci).
- Up to $300M share repurchase plan announced (exp. Nov 2028); Marucci mgmt to continue daily operations.
- Counter-cyclical diversification; builds on FOX's M&A track record outside core suspension business.

## SEC filing metadata
- accession: 0001424929-23-000156
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000156/0001424929-23-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000156/foxf-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-23-000156
- JSON: https://secwatch.observer/filing/0001424929-23-000156.json
- Plain text: https://secwatch.observer/filing/0001424929-23-000156.txt

## Key facts
- Debt Financings
  FOX FACTORY HOLDING CORP incurred term loan of $400 million with Bank of America, N.A., Wells Fargo Bank, National Association and PNC Bank, National Association at applicable margin ranging from 0.5% to 1.50% for base rate loans and 1.50% to 2. maturing April 5, 2027.
  - Instrument: term loan
  - Principal: $400 million
  - Counterparty: Bank of America, N.A., Wells Fargo Bank, National Association and PNC Bank, National Association
  - Rate: applicable margin ranging from 0.5% to 1.50% for base rate loans and 1.50% to 2.
  - Maturity: April 5, 2027
  - Event: incurrence
  source text: the Incremental Lenders provided the Company with a term loan in an amount of $400 million (the "Incremental Term A Loan")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000156/0001424929-23-000156-index.htm
- Debt Financings
  FOX FACTORY HOLDING CORP incurred term loan of $200 million with Bank of America, N.A., Wells Fargo Bank, National Association and PNC Bank, National Association at applicable margin ranging from 0.5% to 1.50% for base rate loans and 1.50% to 2. maturing April 5, 2027.
  - Instrument: term loan
  - Principal: $200 million
  - Counterparty: Bank of America, N.A., Wells Fargo Bank, National Association and PNC Bank, National Association
  - Rate: applicable margin ranging from 0.5% to 1.50% for base rate loans and 1.50% to 2.
  - Maturity: April 5, 2027
  - Event: incurrence
  source text: a delayed draw term loan in an amount of $200 million (the "Delayed Draw Term Loan"
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000156/0001424929-23-000156-index.htm
- M&A Transactions
  FOX FACTORY HOLDING CORP completed an acquisition involving Wheelhouse Holdings Inc. for enterprise value of $572 million (closed 2023-11-14).
  - Action: acquisition
  - Counterparty: Wheelhouse Holdings Inc.
  - Consideration: enterprise value of $572 million
  - Closing: 2023-11-14
  source text: On November 14, 2023, the parties completed the Marucci Merger pursuant to the Merger Agreement. The purchase price of Wheelhouse, which was based on an enterprise value of $572 million, subject to certain adjustments based on matters such as transaction tax benefits, transaction expenses of Wheelhouse, the net working capital and cash and debt balances of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424929/000142492923000156/0001424929-23-000156-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.