Marucci Sports was founded in Baton Rouge in 2009 by two former MLB players and an assistant White House Press Secretary. We look forward to working with Elias and the CODI team as we leverage their substantial expertise in the branded consumer products space and permanent capital base to achieve our shared objectives.”. Marucci Sports LLC was founded in 2009 by former professional baseball players Kurt Ainsworth and Joe Lawrence and an assistant White House Press Secretary, Reed Dickens. Marucci is known for manufacturing baseball bats but also makes other baseball and softball products including gloves, bags, and protective gear. A Gray Media Group, Inc. Station - © 2002-2020 Gray Television, Inc. March 9, 2020 at 10:30 AM CDT - Updated March 9 at 12:21 PM, Bars in West Baton Rouge Parish forced to close on-premise consumption due to rise in COVID-19 positivity rate. All right s reserved. Its new owner doesn’t expect to flip Marucci as long as it keeps growing. Based in Baton Rouge, Marucci was founded by two former Big Leaguers and their athletic trainer who began handcrafting bats for some of the best players in the game from their garage in 2004. Marucci Sports Founded in 2009, Marucci Sports is a leading manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands, headquartered in … Marucci Sports now can tap revolving credit of $250 million to grow the business, with up to $650 million available. We congratulate Kurt Ainsworth and the whole team for their success,” Knapp said. Marucci’s product lineup has grown to include wood and metal bats, sports apparel and accessories, batting and fielding gloves, and bags and protective gear. "I don't think it's ever been done," said Jack Marucci, who owns Marucci Sports. You have permission to edit this article. Marucci has grown to about $15 million in annual adjusted earnings in 2019, before interest, taxes, depreciation and amortization — a common business metric. Marucci Sports is a manufacturer and distributor of baseball and softball equipment including wood and metal bats, apparel, batting and fielding gloves, and bags and protective gear. Marucci Clubhouse Midwest. It has a growing network of clubhouse locations in Baton Rouge, Lafayette, Covington and planned in New Orleans. 9 Marucci Sports reviews. Marucci, a Big Name in MLB. Compass operates with a private equity philosophy, but has its own independent capital rather than relying on big debts to make acquisitions. CEO and co-founder Kurt Ainsworth will continue to lead Marucci at its Baton Rouge headquarters. We welcome your thoughts, comments, and feedback on our Facebook page, but please respect our community by refraining from using inappropriate language or posting a message multiple times. Email Kristen Mosbrucker at kmosbrucker@theadvocate.com. BATON ROUGE, La. The Connecticut-based publicly traded investment company's operations are similar to private equity companies that buy businesses for their portfolio. “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.”. Copyright 2020 WAFB. He partially owns several other football teams, has stakes in e-sports, and has dabbled in L.A.’s restaurant scene as well. Marucci Sports is currently majority owned by professional baseball players, including Jose Bautista. Marucci Sports Co-Founder and former CEO Reed Dickens will now serve as Chairman of the Board. 844 Government StreetBaton Rouge, LA 70802(225) 383-9999. The Company offers wood and metal bats, fielding gloves, apparel, softball, bags, and accessories. Founded in 2009, Marucci Sports is a leading manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands, headquartered in Baton Rouge, Louisiana. If you want some assistance hitting the ball into the stands then let Marucci help. "I don't think it's ever been done," said Jack Marucci, who owns Marucci Sports. Only 95% of Marucci Sports' equity was sold; the remainder is carved out for existing shareholders and includes management of the company. Marucci Sports Marucci Sports employs advanced technologies to produce game-tested equipment for the baseball sector. Compass sees Marucci as a “premium brand” for its portfolio. About Marucci. Taking the game of baseball by storm, Marucci makes the best bats for the biggest hitters. Marucci Sports, LLC is located in Baton Rouge, LA, United States and is part of the Sporting Goods Stores Industry. “We are pleased to add Marucci Sports to our portfolio of niche market leading brands,” said Elias Sabo, CEO of Compass Group Diversified Holdings LLC. “We are excited for Marucci’s news today. 9 March 2020. Compass announced March 9 it bought Marucci Sports for $200 million. The company has 230 employees, about 175 of whom work in Baton Rouge. Adam Knapp, CEO of the Baton Rouge Area Chamber, says the sale of Marucci Sports is both good for the company and Baton Rouge. About Marucci. Marucci is better suited to do it than most other brands.” The glove Scott Carpenter made for MLB All-Star Josh Donaldson. Marucci Sports is a Baton Rouge-based baseball bat manufacturer and sports accessories retailer. Marucci’s product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. This exit event is one of the larger recent transactions for a Baton Rouge startup, and shines a light on the entrepreneurial community. Louisville Slugger bats are used by about 13% (third behind Marucci and Victus bats) of MLB starters. WESTPORT, Conn., March 09, 2020 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI), an owner of leading middle market businesses, today announced that it … Marucci Sports acquired in a $200 million deal, Marucci Sports looks to international growth; expand clubhouse franchise after $200M sale, Marucci Sports to be acquired for $200 million by Connecticut-based investment company, Acadiana Business Today: Real estate in COVID-19: Oil prices tumble below $0; Louisiana trade group warns of potential halt to operations. There was a problem saving your notification. Marucci’s product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Marucci owns “everything” Carpenter designed and invented. Nick Gremillion is a digital and outdoors producer for WAFB. Founded in 2004 by two former professional baseball players and their athletic trainer, Marucci prides itself on being founded, majority owned, and operated by Big Leaguers. Founded in 2004 by two former professional baseball players and their athletic trainer, Marucci prides itself on being founded, majority owned, and operated by Big Leaguers. Marucci Sports As a company founded, majority-owned, and operated by current and former Big Leaguers, Marucci is dedicated to quality and committed to providing players at every level with the tools they want and need to be successful. Marucci Sports, LLC has 7 total employees across all of its locations and generates $1.77 million in sales (USD). The … Wilson was acquired by Amer Sports in 1989 for $200 million. (WAFB) - Marucci Sports, a popular Baton Rouge-based baseball and softball company, has been acquired by the Connecticut-based company Compass Diversified Holdings (CODI). Get the Big League experience right here in Ozark. Its range of bats have all been made to the same high standard, and they sell everything from … "Jose is more than a ballplayer to us," concluded Ainsworth. Marucci Sports, LLC manufactures and supplies sporting goods. Marucci is a strong brand with deep ties to the community, and symbolically represents the strength of Baton Rouge’s sports scene. Marucci’s product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Founded in 2009, Marucci Sports is a leading manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands, headquartered in Baton Rouge, Louisiana. There are 133 companies in the Marucci Sports, LLC corporate family. Acquiring Organization: Compass Diversified Holdings Compass Diversified Holdings is a public company that owns and manages a diverse of middle market businesses. Marucci Sports, a popular Baton Rouge-based baseball and softball company, has been acquired by the Connecticut-based company Compass Diversified Holdings (CODI). About $11 million of the deal stemmed from minority shareholders. Compass Diversified Holdings has agreed to acquire Baton Rouge, Louisiana-based Marucci Sports LLC, a baseball and softball brand. WESTPORT, Conn., April 20, 2020 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today announced the completion of the Company’s previously announced acquisition of Baton Rouge, Louisiana -based Marucci Sports, LLC (“Marucci”), pursuant to an agreement entered into on March 6, 2020. From our initial analysis, the impact for Baton Rouge is positive. Email notifications are only sent once a day, and only if there are new matching items. Marucci Sports is practically synonymous with Major League Baseball. Marucci products are used by players in Major League Baseball (MLB) and NCAA. The Marucci investment is Mr. Sugarman’s first ever major foray into baseball and merchandising. Founded in 2009, Marucci Sports is a leading manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands, headquartered in Baton Rouge, Louisiana. At Marucci Sports we are passionate about baseball, and we know you are too. Fast forward to today, that dedication to quality and understanding of players’ needs has turned Marucci into an All-American success story. Marucci Sports. The company will keep Marucci’s headquarters in Baton Rouge, and the purchase by Compass will fuel its continued expansion. A free inside look at company reviews and salaries posted anonymously by employees. A $200 million acquisition of Baton Rouge-based Marucci Sports has been completed by Compass Diversified Holdings. Marucci’s product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Its franchises are in Austin, Texas; Orlando, Florida; Ozark, Missouri; and planned in Las Vegas. “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. The purchase price is $200 million. Kristen Mosbrucker A $200 million acquisition of Baton Rouge-based Marucci Sports has been completed by Compass Diversified Holdings. Founded in 2009, Marucci Sports is a leading manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands, headquartered in Baton Rouge, Louisiana. 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