BREAKING: TaylorMade Golf Sold (Again)

Approximately 4 years ago, breaking news broke that adidas had sold TaylorMade Golf, along with the Adams Golf and Ashworth Golf brands, to KPS Capital Partners LP for $425 million.  The news was quite surprising giving that TaylorMade had solidified itself as a top golf equipment manufacturer.

But only 1 day off the 4th anniversary of the sale, news is breaking that TaylorMade is changing hands again.

 

 

 

 

 

 

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A post shared by TaylorMade Golf (@taylormadegolf)

After some leaks broke in February that KPS was shopping TaylorMade with a $2 billion price tag, the news is out that TaylorMade has been sold to Centroid Investment Partners, a Korean investment consortium, for a rumored $1.6 billion (netting KPS a nice return on their initial investment).

David Shapiro, Co-Founder and Co-Managing Partner of KPS stated, “We congratulate and thank CEO David Abeles, TaylorMade’s management team and the entire organization for their tremendous dedication to the brand and Company and their passion for the game of golf. The Company is well positioned for continued growth and industry leadership and is poised for accelerated growth in the important Korean market as well as the rest of Asia under Centroid’s ownership.”

While the new ownership likely won’t have its presence felt for a little while, it will be very interesting to see what changes Centroid will make, especially considering the sizable professional staff that TaylorMade has amassed: Tiger Woods, Dustin Johnson, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi and Sierra Brooks.

Cover Image via Instagram