FOX is a designer, manufacturer and marketer of high-performance suspension products used primarily on mountain bikes, side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.

Date of Acquisition

Jan 2008

Purchase Price

$80M

Years Held

5.5

Total Proceeds

$527M

“As founder of FOX, and the sole owner for over 30 years, I am now very excited about this transition of ownership to Compass. The financial strength and resources Compass provides will enable Fox to continue its strong growth and leadership in all its markets.”

Bob Fox

Founder, FOX Factory

Competitive Strengths

Global, premium, performance-based lifestyle brand

Highly-engineered products with focus on innovation

Large white space opportunity in new vehicle categories

Strong OEM relationships and global aftermarket distribution network

Experienced management team leading company of enthusiasts

Value Creation

IPO provided increased capital availability and access to lower cost of capital to fund growth initiatives

Recruited professional management team including CEO, CFO and SVP of Operations

Streamlined mountain bike supply chain and co-located by key OEMs

Supported large R&D budget to drive new product introduction in rapidly growing vehicle categories like side-by-sides and off-road trucks

Invested heavily in sales and marketing to drive consumer demand and loyalty

Exit

In August 2013, CODI completed an Initial Public Offering of FOX Factory at $15.00 per share. As a patient investor, CODI subsequently reduced its holding position via 5 secondary share offerings from 2014 to 2017, ultimately realizing total proceeds of over $527 million upon exit.