Fox Factory Holding said it completed the sale of Marucci Sports for a total enterprise value of $225 million, with $200 million paid in cash at closing and a $25 million subordinated note due Dec. 31, 2026.
The company said the cash proceeds were applied in full to debt reduction, cutting net leverage from 3.7 times to about 2.7 times. It also said annualized interest expense fell by about $16 million immediately, with the total expected reduction rising to about $17 million once the $25 million note is paid.
Fox said it incurred about $7.5 million in transaction-related costs, which it plans to cover separately with cash on hand.
The sale closes a strategic review of Marucci that began in February 2026. Fox said it contacted more than 80 potential acquirers and received 15 indications of interest before approving the deal. The market has reacted to these announcements by moving the company's shares -0.75% to a price of $18.52. Check out the company's full 8-K submission here.
