Marucci Sports, a baseball bat and equipment manufacturer based in Baton Rouge, has been acquired by investment holding company Compass Diversified Holdings for $200 million.
Compass exclusively focuses on the middle market space for its investments. “Leveraging CODI’s deep sector expertise and proven track record of building businesses for the long term, as well as Marucci’s loyal brand following, we believe the company is poised for continued success in the sports equipment space,” said Compass CEO Elias Sabo.
Marucci Sports will keep its headquarters, currently at 230 employees, in Baton Rouge.
Seeking Alpha reported that: “CODI will be able to provide Marucci with a permanent capital base that could come in handy to go shopping for lower-priced acquisitions.”