WESTPORT, Conn., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Compass Diversified CODI ("CODI" or the "Company"), an owner of leading middle market businesses, announced today the completion of the Company's previously announced sale of its majority owned subsidiary, Wheelhouse Holdings, Inc. ("Marucci"), the parent company of Marucci Sports, LLC, to Fox Factory Holding Corp. FOXF ("FOX"), a designer and manufacturer of performance-defining ride dynamics products primarily for a wide range of bicycles, on-road and off-road vehicles. The sale price was based on an enterprise value of $572 million, subject to certain working capital and other adjustments. After these adjustments, as well as for an allocation to Marucci's non-controlling shareholders and the payment of transaction expenses, CODI received approximately $485 million of total proceeds from the sale at closing.