BRAC Releases Statement on Acquisition of Marucci Sports LLC
Baton Rouge, La. (March 9, 2020) – Baton Rouge Area Chamber President and CEO Adam Knapp released the following statement today on the news that local manufacturer of products and apparel for baseball Marucci Sports LLC will be sold to Compass Diversified Holdings for $200 million:
“We are excited for Marucci’s news today. From our initial analysis, the impact for Baton Rouge is positive. The company will keep Marucci’s headquarters in Baton Rouge, and the purchase by Compass will fuel its continued expansion. This exit event is one of the larger recent transactions for a Baton Rouge startup, and shines a light on the entrepreneurial community. Marucci is a strong brand with deep ties to the community, and symbolically represents the strength of Baton Rouge’s sports scene. We congratulate Kurt Ainsworth and the whole team for their success.”
About the Baton Rouge Area Chamber
The Baton Rouge Area Chamber (BRAC) leads economic development in the nine-parish Baton Rouge Area, working to grow jobs and wealth and to improve the business climate and competitiveness in the region. Today, BRAC investors include more than 1,400 small businesses, mid-sized firms, large industry and entrepreneurial startups, as well as individuals and organizations that support business and economic development. In this capacity, BRAC serves as the voice of the business community, providing knowledge, access, services and advocacy. More information is available at www.brac.org.