Who bought TaylorMade golf clubs?
Feb 02, 2021 · February 2, 2021 11:19 am ET. The New York Times reported Tuesday that KPS Capital Partners wants to sell TaylorMade Golf, which it acquired in 2017 from Adidas for $425 million. The potential...
What does TaylorMade Golf do?
May 11, 2021 · TaylorMade Golf again has changed hands, with KPS Capital Partners striking a definitive agreement through an affiliate to sell the club maker to South Korean-based private equity firm Centroid...
How much did TaylorMade really cost?
May 11, 2021 · Breaking News: TaylorMade sold to a Korean Private Equity firm for $1.6 billion. KPS Financial bought TaylorMade from adidas in 2017 for $425 million. Sale comes amidst reports of the highest industry-wide Q1 golf equipment sales on record. We’re hearing rumblings this morning the rumored sale of TaylorMade is now a reality.
Is TaylorMade a good brand?
May 04, 2016 · Who Will Buy Taylor Made? May 04, 2016 The strategic review results are in and Adidas is selling the club company, its Adams golf division as well as the Ashworth brand. Mike Stachura at GolfDigest.com with a rundown of the events as they've unfolded over the last year, and this from CEO Herbert Hainer.
Who bought TaylorMade 2021?
Centroid Investment PartnersCarlsbad-based TaylorMade Golf Company Inc. is being sold to Centroid Investment Partners, a Seoul, Korea, based private equity firm. Current owner, KPS Capital Partners, originally acquired the golf equipment manufacturer from Adidas AG in 2017 for $425 million.Jun 6, 2021
Is TaylorMade being sold?
TaylorMade Golf will be acquired by a Korean investment consortium, Centroid Investment Partners, according to an announcement from the company. TaylorMade's current financial sponsor, KPS Capital Partners, signed the definitive agreement to sell the company it acquired in 2017.May 11, 2021
Who owns TaylorMade Golf now?
TaylorMade Golf is currently a subsidiary of Centroid Investment partners after it was purchased from KPS Capital Partners in May 2021. TaylorMade's initial success came with the innovation of metal drivers, which debuted in 1979 and have subsequently dominated the golf market.
Did KPS sell TaylorMade?
Four years after private equity firm KPS Partners acquired Carlsbad-based TaylorMade from Adidas AG for $425 million, they've sold the golf equipment brand to Seoul-based Centroid Investment Partners for an undisclosed sum.May 12, 2021
Who owns FootJoy?
Acushnet Holdings CompanyFootJoy comes under the umbrella of Acushnet Holdings Company, which also owns Titleist and Scotty Cameron. Acushnet acquired FootJoy in 1985. 5. In 1959 the company moved its production to Massachusetts and that is where its headquarters remains today.
What company owns Cobra golf?
PumaAmerican BrandsCobra Golf/Parent organizations
Did Adidas buy TaylorMade?
It was still owned by Adidas, which acquired TaylorMade in 1997 when it bought ski brand Salomon. But amid the steady decline of the golf equipment industry, Nike and Adidas both exited the golf club business.Apr 16, 2019
Why is it called TaylorMade?
His new “metal wood” had a 12-degree loft and he called it the Pittsburgh Persimmon, a nod to the great Pennsylvania steel city. These were the clubs Adams carried to the merchandise show that day. In sales pitches for the new club, he called his company TaylorMade Golf.Dec 6, 2018
Who is Callaway owned by?
Callway markets its products in more than 70 countries worldwide. The American company, based in Carlsbad, California, is the world's largest manufacturer of golf clubs....Callaway Golf Company.TypePublicFounded1982FounderEly Reeves Callaway, Jr.HeadquartersCarlsbad, California , U.S.Area servedWorldwide14 more rows
Is TaylorMade owned by Nike?
Nike have confirmed that they are to purchase TaylorMade Golf and all of it's subsidiaries in a deal worth $1.5 billion, it was announced today.
Who owns KPS Capital Partners?
David Shapiro, Co-Founder and Managing Partner, KPS Capital Partners, KPS.
When did Adidas sell TaylorMade?
In 2016, Adidas put its TaylorMade golf clubs up for sale to focus on its shoes and clothing as the golf industry was under pressure. It finally found a buyer after a year — but that sale dented Adidas' earnings.Apr 14, 2019
Who bought Taylormade from Adidas?
Centroid’s other buyouts have included Kolon Advance Fiber and Woongjin Booxen, a book distributor. KPS bought TaylorMade – established in 1979 – from Adidas in 2017 for $425 million.
Where is Taylormade made?
TaylorMade – which is based in Carlsbad, California – also benefits from a PGA Tour staff of players promoting the brand that includes Dustin Johnson, Rory McIlroy, Tiger Woods and several other top players. The roster of top players includes several on the LPGA, which is extremely popular in South Korea, the home of Centroid.
TaylorMade Sold – Key Takeaways
Breaking News: TaylorMade sold to a Korean Private Equity firm for $1.6 billion.
TaylorMade Sold: Four Years Under KPS
Reports that TaylorMade was on the block first surfaced this past February. The New York Times reported the asking price would be in the $2 billion range.
The New Owners
According to the Korea Economic Daily, Centroid Investment Partners is one of South Korea’s lesser-known private equity firms. It reportedly beat out four other unidentified bidders to acquire TaylorMade.
TaylorMade Sold: What Does It All Mean?
Obviously, it means KPS did its job by righting the TaylorMade ship. And then it struck while the iron was hot. Centroid Investment is paying top-dollar, which indicates TaylorMade has been turning solid profits over the past four years. $1.6 billion also says Centroid is bullish on the worldwide golf market.
John Barba
John is an aging, yet avid golfer, writer, 9-point-something handicapper living back home in New England after a 22-year exile in Minnesota. He loves telling stories, writing about golf and golf travel, and enjoys classic golf equipment. “The only thing a golfer needs is more daylight.” - BenHogan
History
TaylorMade incorporated in 1979 after Gary Adams borrowed $24,000 on his house and leased a 6,000 square foot building in McHenry, Illinois. He originally had three employees and sold only one item, his newly invented 12-degree loft metalwood.
Endorsements
TaylorMade have maintained endorsement deals with many professional golfers on the leading tours, including world number ones Tiger Woods, Rory McIlroy, and Dustin Johnson. Most contracted players will have the majority, if not all, of their playing equipment supplied by the company.
External links
This list includes companies that produce sports equipment. List by sport include only current products manufactured
Who uses Taylormade golf clubs?
Some of the most prominent names in the industry use TaylorMade clubs and equipment. Some of them are Tiger Woods, Rory McIlroy, Dustin Johnson, Jason Day, and Jon Rahm. The company started with $47,000 in total sales in 1979. Then in 2006, they reached their first billion dollars.
Who is the founder of Taylormade?
Brief History. Founded in 1978, TaylorMade is the company that introduced the game-changing metal woods in the golfing world. TaylorMade’s founder is Gary Adams. Today, they continue to be one of the most popular manufacturers of golf equipment.
Where are Callaway golf clubs made?
Where Callaway Golf Clubs are Made. Similar to TaylorMade, the parts of Callaway golf clubs are made in China or other Asian countries. Initially, the assembly was done in Carlsbad, California. However, in 2010, the company moved its assembly line in Mexico.
Who changed Scotty Cameron putters?
Justin Thomas is in action across the pond this week at the Scottish Open and has changed Scotty Cameron putters as he bids to halt a poor run of form on the greens.
What is the SM8 wedge?
What Titleist says: “SM8 features a reimagined progressive center of gravity, which produces the most accurate and forgiving Vokey wedge yet. Using tungsten weights and varied hosel lengths, the Vokey R&D team has moved the CG outside of the wedge head and placed it in front of the face, resulting in increased MOI and exceptional feel.”
Will Taylormade and Adams merge?
TaylorMade and Adams Product Lines Merge Under a Single Umbrella-ella-ella (the Rihanna Scenario): Let’s be clear, this scenario would mean the end of the Adams brand. The club lineups would functionally merge with clubs from one side of the company addressing weaknesses in the other (though neither has produced a top-selling wedge in years), but it all happens under the TaylorMade name. It’s a scenario I happen to like quite a bit, and one I believe has the potential to create the absolute single best equipment lineup in all of golf, but it’s not necessarily simple to implement.
Is Adams Golf a company?
There is Adams Golf as it exists today, and then there is Adams Golf as it could exist in the next 1, 2, or 3 years. Adams is a company known for innovation, and you can bet the pipeline for new Adams products is a long one. As we’re seeing with the XTD fairway wood, even when TaylorMade makes a legitimate innovative step ...
Overview
History
TaylorMade incorporated in 1979 after Gary Adams borrowed $24,000 on his house and leased a 6,000 square foot building in McHenry, Illinois. He originally had three employees and sold only one item, his newly invented 12-degree loft metalwood. The metalwood was unique in its steel construction - replacing persimmon as the primary material from which modern drivers are manufactured - and adopted the nickname "Pittsburgh Persimmon".
Parent companies
• Salomon Group (1984–2005)
• Adidas (2005–2017)
• KPS Capital Partners (2017-2021)
• Centroid Investment Partners (2021-present)
Endorsements
As with most golf equipment companies, TaylorMade maintain endorsement deals with many professional golfers on the leading tours, including past world number ones Tiger Woods, Rory McIlroy, and Dustin Johnson. Most contracted players will have the majority, if not all, of their playing equipment supplied by the company. A few are only contracted for one item, such as Rickie Fowler whose deal only extends to golf balls.
See also
• Adams Golf
• Ashworth
External links
• Official website
• Official website