Marucci Sports, a subsidiary of Compass Diversified that designs and manufactures baseball and softball equipment and apparel, announced the acquisition of Lizard Skins. This designer and seller of branded grip products, protective equipment, bags and apparel is expected to position Marucci to build on its position in diamond sports and develop its presence in new sports markets.
Lizard Skins was founded in 1993 to focus on designing products to protect bicycles and riders, but has since expanded its coverage to include other sports coverage areas. Of note, the company is the official equipment grip of Major League Baseball, various pro cycling teams, and a licensed product of the National Hockey League.
The Lizard Skins leadership team, which includes Founder / President / CEO, Brian Fruit, is expected to continue on with the company as a part of Marucci.
“Adding Lizard Skins’ outstanding products to the Marucci family is a terrific opportunity to enhance our offerings,” said Kurt Ainsworth, Marucci CEO. “With its exciting brand, innovative designs, and leading technology, Lizard Skins has earned the trust of top athletes, and its strong presence both inside and outside the diamond sports market makes this an exciting partnership. We look forward to welcoming Brian and his team aboard.”
“We are thrilled to take this step forward in our growth as a company and become part of the incredible Marucci team,” said Lizard Skins President and CEO, Brian Fruit. “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. I am confident that with support of CODI and Marucci’s resources, we will better be able to provide our athletes the top-of-the-line equipment they need to succeed against all competition. I am excited to continue the Lizard Skins mission to develop, expand and improve equipment for our customers.”
Terms were not released.
