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Compass Diversified's Marucci Sports acquires Lizard Skins

Published October 25, 2021

BATON ROUGE, La. (BRAIN) — Baseball and softball equipment manufacturer Marucci Sports announced Monday it has acquired Lizard Skins. Terms were not disclosed.

Lizard Skins' leadership team — including founder Brian Fruit — is expected to continue leading the brand. Marucci Sports is a subsidiary of Compass Diversified, which last year purchased BOA Technology. BOA supplies dial-fit systems to many cycling shoe and helmet makers. Compass Diversified also is the former owner of CamelBak and Fox Factory.

Founded in 1993 with a focus on protection products for bicycles and riders, Lizard Skins expanded its grip technology to baseball and hockey. In addition to its bar tape being used by various pro cycling teams, Lizard Skins is also the official bat grip tape of Major League Baseball. In addition, Lizard Skins' DSP hockey grip tape is a licensed product of the National Hockey League. In 2017, Lizard Skins acquired Oury Grips.

"We are thrilled to take this step forward in our growth as a company and become part of the incredible Marucci team," Fruit said. "Our success is a product of our unwavering focus on the demands of elite athletes, and Marucci shares our total commitment to meeting the needs of those customers. ..."

Marucci Sports was founded in 2009 and manufactures and distributes baseball and softball equipment under the Marucci and Victus brands. Headquartered in Baton Rouge, Marucci's product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear.

Lizard Skins Chocolate Brown DSP Bar Tape V2.
Topics associated with this article: Mergers, Acquisitions & Investments