Fox Factory To Acquire SCA Performance Holdings | Performance Racing Industry
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Fox Factory To Acquire SCA Performance Holdings
February 18, 2020
Fox Factory, Inc. has signed a definitive agreement to acquire SCA Performance Holdings, Inc. SCA Performance was previously owned by Southern Rocky Holdings, LLC, a portfolio company of Kinderhook Industries.
Fox Factory To Acquire SCA Performance Holdings

Fox Factory, Inc. has signed a definitive agreement to acquire SCA Performance Holdings, Inc. from Southern Rocky Holdings, LLC, a portfolio company of Kinderhook Industries, according to a company release.

FOX has agreed to the $328 million transaction, exclusive of vehicle inventory, as well as an additional $13 million of contingent, performance-based retention incentives for key SCA management payable over the next two years.

The transaction is expected to close late in the first quarter of fiscal 2020, subject to customary closing conditions and related financial results.

“We are excited to announce the acquisition of SCA, and believe it presents a substantial opportunity for FOX to further expand its performance-defining aftermarket solutions and continue to drive growth in our Powered Vehicles Group,” FOX Chief Executive Officer Mike Dennison said. “We look forward to further accelerating our already significant presence in the growing specialty vehicle manufacturing market. We welcome the experienced SCA leadership team and believe they will play an integral part in our Company’s growth going forward.”

“The entire SCA management team is thrilled to join FOX. We have tremendous admiration and respect for the FOX brand, leadership, and culture of providing customers with performance-defining products,” SCA Chief Executive Officer Michael McSweeney said. “As part of FOX, we expect to build upon the success of both companies to further expand our market position and product offerings.”

For more information, visit ridefox.com.