Fox Factory completes $225M Marucci Sports sale; net leverage to fall to ~2.7x from 3.7x

FOX FACTORY HOLDING CORP

$225M enterprise value: $200M cash at closing plus a $25M unsecured subordinated convertible note (principal and interest) maturing Dec 31, 2026.
Buyer is Squared Up Holdings, LLC, an acquisition vehicle led by and including members of Marucci's existing senior management.
$200M cash applied in full to credit facility borrowings; had the deal closed July 3, 2026, net leverage would have been ~2.7x vs 3.7x reported.
Annualized interest expense reduced by ~$16M, expected to reach ~$17M once the $25M note is paid by Dec 31, 2026.
Strategic review began Feb 2026: 80+ potential acquirers contacted, 15 indications of interest; ~$7.5M transaction costs to be paid with cash on hand.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.