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Marucci Sports Sold for $200M
Posted on 3/9/20 at 8:54 am
Posted on 3/9/20 at 8:54 am
The Advocate (use incognito)
Marucci Sports, one of Baton Rouge's fastest-growing businesses, has been sold to Compass Diversified Holdings, it was announced Monday morning.
The sale price is reported to be $200 million or about 3,448 Yukons with 30a stickers.
Marucci "will continue to be led by (Kurt) Ainsworth and its current leadership team," the company said in a news release. Its headquarters will also remain in the Baton Rouge.
“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 to be successful,” said Ainsworth, co-founder and CEO of Marucci. “This partnership with CODI represents 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."
Marucci’s product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear.
This post was edited on 3/9/20 at 9:07 am
21
Posted on 3/9/20 at 8:55 am to Tigeralum2008
Posted on 3/9/20 at 8:55 am to Tigeralum2008
Good for him but damn... good bye quality.. hello shitty service & cheap product
Posted on 3/9/20 at 8:55 am to Tigeralum2008
Sleeping Pods going corporate.
Posted on 3/9/20 at 8:57 am to Tigeralum2008
quote:
Marucci "will continue to be led by (Kurt) Ainsworth and its current leadership team," the company said in a news release. Its headquarters will also remain in the Baton Rouge.
That won't be the case for very long. Blee dat.
Posted on 3/9/20 at 8:58 am to upgrayedd
Will batting cage still be open
Posted on 3/9/20 at 9:00 am to Tigeralum2008
If corporate got involved, it’s gonna go to shite
Posted on 3/9/20 at 9:02 am to Tigeralum2008
This is a big deal for a lot of us with kids who are in the MLB pipeline
Posted on 3/9/20 at 9:02 am to Tigeralum2008
I hope some of those employees had some stock to make a little cash before they get "restructured" out the door.
Posted on 3/9/20 at 9:04 am to Fat and Happy
Yep they will hollow out build quality, ride the brand until perception slips and move on to the next victim.
Don’t blame them for selling but this is the ugly side of a market economy.
Don’t blame them for selling but this is the ugly side of a market economy.
Posted on 3/9/20 at 9:04 am to Tigeralum2008
They just sold to an investment firm so they could acquire more money for expansion easier. Doesn't seem like this group would be ones to interfere in the operations.
Posted on 3/9/20 at 9:04 am to Tigeralum2008
I had no idea this was a Baton Rouge company but my "Travel Ball Playing" young'un swings a Marucci Cat 7 30" drop 5.
Great Bats
Great Bats
Posted on 3/9/20 at 9:06 am to Pettifogger
quote:
This is a big deal for a lot of us with kids who are in the MLB pipeline
I apologize, I forgot to put the dollar amount in their terms
$200M is about 3,448 Yukons with a 30a sticker on them.
Posted on 3/9/20 at 9:07 am to Tiger in NY
They better not frick with the bats...my son Jax hit .450 last year with his Marucci, don’t want to mess up his swing.
Posted on 3/9/20 at 9:08 am to The Torch
Most of these investment firms just want a check. They won’t interfere with ops in most cases.
Posted on 3/9/20 at 9:09 am to Tigeralum2008
quote:
$200M is about 3,448 Yukons with a 30a sticker on them.
You didn't factor in the cost of the sticker
Posted on 3/9/20 at 9:10 am to Moustache
Little Braxtawnn better get a chunk of equity for all the thousands I've spent on bats and gloves
Posted on 3/9/20 at 9:13 am to Tigeralum2008
Is Jack Marucci still involved with the company?
Posted on 3/9/20 at 9:13 am to Tiger in NY
quote:
Doesn't seem like this group would be ones to interfere in the operations.
Just about any investment group will constantly nitpick the books and force management to make decisions that favor the bottom line while sacrificing quality and/or service. People don't buy a company for $200 million to just see how things play out.
Posted on 3/9/20 at 9:19 am to BottomlandBrew
I hope some of those employees had some stock to make a little cash before they get "restructured" out the door.
In this day and age, I'll eat my shoe if more than one or two employees (non-owners) saw any remuneration from the sale for their years of intellectual contributions and sacrifice to help get a small company off the ground. There will undoubtedly be many employees who were instrumental in helping build this company that are asked to leave, or take a reduction in salary, in the not-too-distant future due to "expense restructuring". They can say goodbye to those nice medical benefits too. The new owners already have a plan for increasing profitability, and there is never such thing as loyalty to existing staff. In my line of work, I see this happen almost daily.
In this day and age, I'll eat my shoe if more than one or two employees (non-owners) saw any remuneration from the sale for their years of intellectual contributions and sacrifice to help get a small company off the ground. There will undoubtedly be many employees who were instrumental in helping build this company that are asked to leave, or take a reduction in salary, in the not-too-distant future due to "expense restructuring". They can say goodbye to those nice medical benefits too. The new owners already have a plan for increasing profitability, and there is never such thing as loyalty to existing staff. In my line of work, I see this happen almost daily.
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