Acushnet Holdings Corp. acquired PG Professional Golf for $14.4 million (80% interest), a transaction completed in October 2018, structured as acquisition of an 80% interest in certain assets and liabilities. The deal was a Asset purchase.
PG Professional Golf operates in Titleist golf balls. PG Professional Golf is a leading supplier of pre-owned Titleist and other golf balls. Acushnet completed the acquisition of an 80% interest in certain assets and liabilities of PG Professional Golf on October 1, 2018 for a purchase price of $14.4 million. Results have been included in Acushnet's Titleist golf ball reporting segment since the date of acquisition.
Brings the pre-owned Titleist golf ball supply channel in-house within the Titleist golf ball segment.
Controls the pre-owned Titleist golf ball supply channel. Integrated into the Titleist golf ball reporting segment. Titleist golf ball reporting segment
On October 1, 2018, the Company completed the acquisition of an 80% interest in certain assets and liabilities of PG Professional Golf, a leading supplier of pre-owned Titleist and other golf balls, for a purchase price of $14.4 million.Acushnet Holdings Corp. FY2018 Form 10-K, Business Combinations note
Advisory firms were not disclosed for this transaction.