Marucci Sports, LLC, a subsidiary of Compass Diversified (CODI), acquired Baum Enterprises, LLC, a designer and manufacturer of composite wood bats. Terms were not disclosed.
The acquisition of Baum Bat is intended to expand Marucci’s product line and strengthen its position in diamond sports by increasing its technological capabilities while enhancing its wood bat presence.
Founded in 1993, Baum Bat produces composite wood bats for amateur and professional ball players. Baum Bat is the first wood composite baseball bat approved for wood bat play from high school to the lower levels of pro baseball.
Baum Bat’s leadership team, including its President and Owner, Ben Boulware, will continue to lead the brand as part of Marucci.
“Our number one priority has always been to make the highest performing products that give players the best chance to succeed,” said Kurt Ainsworth, co-founder and CEO of Marucci Sports. “Marucci has always sought out companies developing best-in-class products to join their portfolio of brands. Victus, Lizards Skins and now Baum Bat has changed the game, and we couldn’t be more excited to work with their team. Baum has taken composite technology to the next level with their composite bats, and we see their products as highly complementary with significant runway to grow.”
Boulware commented: “In joining the Marucci family, we are thrilled about our next growth stage and look forward to working with their exceptional team. Baum Bat has delivered the world’s most durable composite wood bat for nearly 30 years, and our commitment to the highest level of excellence makes us the perfect partner. I’m excited to continue the development of our high-quality products in tandem with the Marucci team.”
Elias Sabo, CEO of CODI, added: “At CODI, we take pride that our permanent capital structure has once again enabled us to continue investing in the future of our subsidiary, and we are excited to partner with Marucci in its acquisition of Baum Bat. Baum and Marucci are both established brands, and each has long histories of helping athletes compete and win. Together, they will be able to deliver a deeper range of bat products and generate long-term value for all stakeholders, including athletes and our shareholders.”
