M&A Deal Summary

GDO Acquires GolfTEC Intellectual Property

On June 1, 2018, GDO acquired consumer services company GolfTEC Intellectual Property from Gart Capital Partners

Acquisition Highlights
  • This is GDO’s 1st transaction in the Consumer Services sector.
  • This is GDO’s 1st transaction in the United States.
  • This is GDO’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-06-01
Target GolfTEC Intellectual Property
Sector Consumer Services
Buyer(s) GDO
Sellers(s) Gart Capital Partners
Deal Type Add-on Acquisition

Target

GolfTEC Intellectual Property

Englewood, Colorado, United States
website
GolfTEC Intellectual Property LLC is a provider of premium golf lessons and club fittings. GolfTEC company combines the skills of PGA teaching professionals with a patented blend of video, motion analysis, launch analysis and biofeedback technology aimed at helping golfers improve their golf skills and, ultimately, derive more enjoyment from the game. GolfTEC Intellectual Property was founded in 1995 and is based in Englewood, Colorado.

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Buyer(S) 1

Buyer

GDO

Tokyo, Japan

website

Category Company
Founded 1995
Sector Internet Software and Services
Employees1,123
Revenue 39.6B JPY (2021)
DESCRIPTION

Golf Digest Online, Inc. operates Japan's largest golf business and publicly traded on the Tokyo Stock Exchange. GDO is unaffiliated with Conde Nast and its Golf Digest Companies. Its retail operation comprises 10 GOLFTEC instruction centers, five brick-and-mortar golf stores in Japan, and e-commerce focused on trade-ins and sales of new and pre-owned golf clubs. Moreover, for more than 2,000 golf courses in Japan, it provides tee-time management software and is Japan's largest online tee-time booking agent. GDO's media division operates multiple golf-centric, advertiser-supported websites and also provides multiple online services as well as numerous real-time events. GDO was founded in 2000 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Gart Capital Partners

Denver, Colorado, United States

Investor Investor Investor

website

Category Family Office
Founded 1992
Size Small
Type Sector Focused
DESCRIPTION

Gart Capital Partners is the private equity investment arm of The Gart Companies, a private company that also acquires, develops and manages real estate. GCP focuses on management buyouts and recapitalizations of growth companies with strong market positions. Gart will also consider select turnaround investments. Gart Capital Partners is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Magellan s Travel Supplies

Santa Barbara, California, United States

Magellan's Travel Supplies is a retailer of travel goods and clothing.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Work World America

Vacaville, California, United States

Work World America, Inc. is a specialty retailer of apparel, footwear, accessories and other safety equipment for a variety of workers. Work World sells and distributes its products via 23 retail locations across California and Nevada, an online retail site, and through B2B relationships with local small and medium-sized businesses.

Buy -
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