---
schema_version: "secwatch.filing_event.v1"
accession: "0001424929-26-000052"
form_type: "8-K"
ticker: "FOXF"
cik: "0001424929"
company_name: "FOX FACTORY HOLDING CORP"
filed_at: "2026-09-25T20:12:39+00:00"
generated_at: "2026-10-12T13:22:31.924905+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001424929-26-000052
- form_type: 8-K
- ticker: FOXF
- cik: 0001424929
- company_name: FOX FACTORY HOLDING CORP
- filed_at: 2026-09-25T20:12:39+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000052/0001424929-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424929/000142492926000052/foxf-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424929-26-000052
- JSON: https://secwatch.observer/filing/0001424929-26-000052.json
- Plain text: https://secwatch.observer/filing/0001424929-26-000052.txt

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