Fox Factory Divests Marucci for $225 Million; Takes $24.7 Million Convertible Note From Buyer

Fox Factory completed the sale of Wheelhouse, parent of Marucci Sports, to Squared Up Holdings for an enterprise value of $225 million, consisting of $200 million in cash and a $25 million unsecured subordinated convertible note, subject to customary adjustments and a $250,000 collar. Net cash proc…