Fox Factory Holding Corp., a designer and manufacturer of ride dynamics products for a range of bicycles, on-road and off-road vehicles, has purchased Wheelhouse Holdings Inc., the parent company of Marucci Sports LLC, from Compass Diversified, an owner of middle-market businesses.

Marucci will be sold to Fox for an enterprise value of $572 million.

“Fox’s enthusiast culture, coupled with its focus on driving growth through strong brands, highly engineered products and disruptive technologies fits well with our values and mission,” says Kurt Ainsworth, co-founder and CEO of Marucci Sports. “We look forward to leveraging their innovation and growth success as we expand our sales reach and breadth.”

Jefferies LLC is acting as financial advisor and Ropes & Gray LLP and Jones Walker LLP are acting as legal counsel to Compass Diversified. Squire Patton Boggs LLP is acting as legal counsel to Fox.