News
TaylorMade to be acquired by Korean-based private equity firm Centroid Investment Partners
On Tuesday, TaylorMade Golf Company announced that its current financial sponsor, KPS Capital Partners, has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company to Centroid Investment Partners.
According to TaylorMade CEO David Abeles, the focus of the new partnership will be to “keep on doing what’s made us the leader in our industry – the creation of best-in-class products, invest in our brand, and deliver incredible service to our customers and golfers of all skill levels.”
KPS acquired TaylorMade in 2017 from Adidas, and since then, TaylorMade has experienced substantial growth in revenue and profitability worldwide, and per the company is poised to have the strongest year in its history under the leadership of David Abeles, CEO of TaylorMade Golf.
On the sale to Centroid Investment Partners LC, Abeles further stated
“This transaction is a very important milestone as we continue to build upon our brand’s momentum around the world. Not surprisingly, the sale process for TaylorMade generated tremendous interest from a wide range of prospective buyers and resulted in an agreement that reflects the outstanding performance of our business today, as well as the outlook for the future.”
Established in 2015, Centroid Investment Partners LC (“Centroid”) is a Seoul-based private equity firm. Some of the equity firm’s most recent purchases include the South Springs Country Club, Kolon Advance Fiber, and Woongjin Booxen.
Speaking on the acquisition of TaylorMade Golf Company, Jinhyeok Jeong, founder and CEO of Centroid Investment Partners, said
“TaylorMade Golf is a transformational investment for Centroid. We are very excited to have the opportunity to invest in a global leader in golf. The industry is currently experiencing high demand, increased participation, with strong long-term opportunities around the world. TaylorMade is an iconic brand with continued momentum across the key golf equipment categories and regions, especially the Korean and wider Asian markets. We are equally excited to work with CEO David Abeles and his “exceptional senior management team to support continued growth and success.”
The financial terms of the transaction have not been disclosed.
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Morning 9: 58 on the Korn Ferry Tour | Rory on possible return to policy board
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Tour Photo Galleries
Photos from the 2024 Zurich Classic of New Orleans
GolfWRX is live on site this week at the Zurich Classic of New Orleans for the PGA Tour’s one-and-only two-man team event.
As usual, general galleries, WITBs, and pullout albums — including some pretty spicy custom putters and headcovers — await your viewing.
Be sure to check back for more photos from the Big Easy, as we’ll continue to update this page with additional galleries throughout the week.
General Albums
- 2024 Zurich Classic – Monday #1
- 2024 Zurich Classic – Monday #2
- 2024 Zurich Classic – Tuesday #1
- 2024 Zurich Classic – Tuesday #2
WITB Albums
- Alex Fitzpatrick – WITB – 2024 Zurich Classic
- Austin Cook – WITB – 2024 Zurich Classic
- Alejandro Tosti – WITB – 2024 Zurich Classic
- Davis Riley – WITB – 2024 Zurich Classic
- MJ Daffue – WITB – 2024 Zurich Classic
- Nate Lashley – WITB – 2024 Zurich Classic
- James Nicholas – WITB – 2024 Zurich Classic
- Kevin Streelman – WITB – 2024 Zurich Classic
- Rasmus Hojgaard – WITB – 2024 Zurich Classic
- Tom Whitney – WITB – 2024 Zurich Classic
- SangMoon Bae – WITB – 2024 Zurich Classic
- Daniel Berger – WITB – 2024 Zurich Classic
- Rory McIlroy – WITB – 2024 Zurich Classic
- Russ Cochrane – WITB – 2024 Zurich Classic
- Aldrich Potgieter – WITB – 2024 Zurich Classic
- Steve Stricker WITB – 2024 Zurich Classic
- Drew Brees WITB (Legendary New Orleans Saints QB) – 2024 Zurich Classic
- Derek Carr (New Orleans Saints QB) – 2024 Zurich Classic
- Thriston Lawrence WITB – 2024 Zurich Classic
Pullout Albums
- MJ Daffue’s custom Cameron putter – 2024 Zurich Classic
- Cameron putters – 2024 Zurich Classic
- Swag covers ( a few custom for Nick Hardy) – 2024 Zurich Classic
- Custom Bettinardi covers for Matt and Alex Fitzpatrick – 2024 Zurich Classic
- Doug Ghim’s custom Cameron putter – 2024 Zurich Classic
- Patrick Cantlay spotted testing a Scotty Cameron blade putter – 2024 Zurich Classic
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News
Morning 9: Tiger’s TGL teammates | Woosnam’s criticism of Cantlay | Rory’s return to tour policy board
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mick
May 12, 2021 at 9:03 pm
Is PING the only so called “American company” now making clubs? Even then all their stuff is made in China now. Is their any American made irons?, PXG ??
Ernie
May 14, 2021 at 2:14 am
Callaway is still American
mick
May 15, 2021 at 12:36 pm
Thanks. Callaway just got another customer!
Scott dog
May 18, 2021 at 1:11 pm
Jesus…. Come on man. Get a grip.
MhtLion
May 12, 2021 at 10:02 am
Wow, two Korean companies now controlling over 50% of the market. You have to note that these manufacturers are major sponsors of pretty much everything golf. So, owning these companies also means having influences in PGA events.
Benny
May 12, 2021 at 7:16 am
Crazy to think Covid caused so much growth but the courses are experiencing the same. What happens whennit comes crashing down?
Heat Miser
May 12, 2021 at 12:12 pm
Lots of layoffs at the bottom… but no pay cuts for CEOs and no drop in sponsorship $. The usual.
Brandon
May 12, 2021 at 7:25 pm
I’ll be able to get a decent tee time less than 2 weeks in advance.
Rascal
May 11, 2021 at 6:53 pm
First Acushnet, and now Taylormade. These Koreans aren’t satisfied with just buying golf gear, they have to have the whole farm too!
Snake
May 11, 2021 at 12:43 pm
This is a whole new slant on “Win on Sunday, sell on Monday”.