Compass Buys Marucci
Compass buys Marucci.
Compass Diversified Holdings buys Marucci Sports for $200 million.
Marucci Sports was founded in 2009 by Kurt Ainsworth, a retired pitcher for the San Francisco Giants and Baltimore Orioles, Joe Lawrence, a former second baseman for the Toronto Blue Jays, and Reed Dickens, a former White House Assistant Press Secretary under George W. Bush.
Marucci’s first buy was Marucci Bat Company, launched out of a backyard shed in 2004. Ainsworth then led the buyout of an Amish-run Pennsylvania wood mill in 2008. This solidified Marucci's superior wood supply, and it still supplies all Marucci's wood today. In 2017 Marucci bought Victus, a baseball equipment maker known for its edgy designs and big attitude.
With vertically cohesive wood bat production, a global supplier group, and a client base of MVPs and World Series winners, Marucci and Victus are the top two bats among Big League players. Their product range now includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear.
Compass will help Marucci invest in new products, grow its presence in Japan and South Korea, and further develop its Marucci Clubhouse retail franchise. No rainouts, no make-ups, no excuses.
Elias Sabo of Compass said: ‘We are happy to add Marucci Sports to our portfolio of niche market-leading brands. With an unwavering commitment to quality craftsmanship and focus on addressing players’ evolving needs, Marucci has firmly established itself as a leader in baseball equipment, and we are confident that together we will further expand Marucci’s best-in-class product portfolio, penetrate new markets, and increase the brand’s presence internationally. Leveraging CODI’s deep sector ability and proven track record of building businesses for the long-term, as well as Marucci’s loyal brand following, poises the company for continued success in the sports equipment space. As their roster of impressive customers continues to grow, we're delighted to partner with Marucci’s talented team to build on the success they have achieved since the company’s founding and further speed up their growth and expansion in the years to come.’
Kurt Ainsworth of Marucci said: ‘When we launched Marucci Sports, our goal was to offer all players, regardless of age or level, big-league quality products that they wanted and needed for success. This partnership with CODI is the beginning of a long-term relationship that recognizes the tremendous efforts and hard work of the Marucci team and demonstrates the high growth potential of our impressive suite of products. We look forward to working with Elias and the CODI team as we leverage their real abilities in the branded consumer products space and permanent capital base to meet our shared goals.’
Jefferies served as financial advisor to Marucci.
Compass Diversified Holdings buys Marucci Sports for $200 million.
Marucci Sports was founded in 2009 by Kurt Ainsworth, a retired pitcher for the San Francisco Giants and Baltimore Orioles, Joe Lawrence, a former second baseman for the Toronto Blue Jays, and Reed Dickens, a former White House Assistant Press Secretary under George W. Bush.
Marucci’s first buy was Marucci Bat Company, launched out of a backyard shed in 2004. Ainsworth then led the buyout of an Amish-run Pennsylvania wood mill in 2008. This solidified Marucci's superior wood supply, and it still supplies all Marucci's wood today. In 2017 Marucci bought Victus, a baseball equipment maker known for its edgy designs and big attitude.
With vertically cohesive wood bat production, a global supplier group, and a client base of MVPs and World Series winners, Marucci and Victus are the top two bats among Big League players. Their product range now includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear.
Compass will help Marucci invest in new products, grow its presence in Japan and South Korea, and further develop its Marucci Clubhouse retail franchise. No rainouts, no make-ups, no excuses.
Elias Sabo of Compass said: ‘We are happy to add Marucci Sports to our portfolio of niche market-leading brands. With an unwavering commitment to quality craftsmanship and focus on addressing players’ evolving needs, Marucci has firmly established itself as a leader in baseball equipment, and we are confident that together we will further expand Marucci’s best-in-class product portfolio, penetrate new markets, and increase the brand’s presence internationally. Leveraging CODI’s deep sector ability and proven track record of building businesses for the long-term, as well as Marucci’s loyal brand following, poises the company for continued success in the sports equipment space. As their roster of impressive customers continues to grow, we're delighted to partner with Marucci’s talented team to build on the success they have achieved since the company’s founding and further speed up their growth and expansion in the years to come.’
Kurt Ainsworth of Marucci said: ‘When we launched Marucci Sports, our goal was to offer all players, regardless of age or level, big-league quality products that they wanted and needed for success. This partnership with CODI is the beginning of a long-term relationship that recognizes the tremendous efforts and hard work of the Marucci team and demonstrates the high growth potential of our impressive suite of products. We look forward to working with Elias and the CODI team as we leverage their real abilities in the branded consumer products space and permanent capital base to meet our shared goals.’
Jefferies served as financial advisor to Marucci.
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