FOX FACTORY HOLDING CORP [FOXF] - / Compass Group Diversified Holdings LLC merger
FOX FACTORY HOLDING CORP has entered into a definitive merger agreement with Compass Group Diversified Holdings LLC, with Marucci Merger Sub, Inc. as the acquiring entity, effective November 1, 2023.
Why this matters
FOX FACTORY HOLDING CORP, a Delaware-incorporated company specializing in the manufacturing of high-performance suspension products for motorcycles, bicycles, and other vehicles, has entered into a definitive merger agreement with Compass Group Diversified Holdings LLC. The acquisition will be executed through Marucci Merger Sub, Inc., with the transaction set to become effective on November 1, 2023. This merger represents a strategic consolidation move, although specific economic terms such as the consideration type or premium have not been detailed in the available filings.