After eight years of partnership with Fox Racing, Altamont Capital Partners has exited its investment with a sale of the company to Vista Outdoor.
As part of that transaction, Altamont and Fox Racing announced a broad-based employee bonus program with payments to Fox Racing employees on the completion of the company’s sale.
“The success of Altamont’s partnership with Fox Racing is a testament to the hard work of their leadership and employees in building a strong business and an iconic brand,” said Altamont Capital Partners Co-Founder and Managing Director Keoni Schwartz. “Fox Racing employees are a significant reason why the company is not only in a strong position today but poised for future growth. Altamont is proud to partner with Fox Racing to support a broad-based bonus program that rewards employees for their role in making the company a success story.”
Altamont Capital Partners originally invested in Fox Racing via majority recapitalization in 2014. Fox Racing grew net sales by a compound annual growth rate of approximately 20 percent from the calendar year 2019 to 2021. Through its partnership with Altamont, Fox Racing’s projected revenue will reach approximately $350 million in the calendar year 2022.
