Topgolf Callaway Brands - M&A Summary and Business Overview

Consumer ProductsCompany

Topgolf Callaway Brands M&A Summary

Topgolf Callaway Brands has acquired 9 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Topgolf Callaway Brands’ largest acquisition to date was in 2020, when it acquired Topgolf International for $2.0B. Topgolf Callaway Brands has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include apparel/textiles (38%) and consumer products (25%).

Topgolf Callaway Brands Business Overview

Where is Topgolf Callaway Brands headquartered?

Topgolf Callaway Brands is headquartered in Carlsbad, California.

What is Topgolf Callaway Brands’ revenue?

Topgolf Callaway Brands disclosed revenue of 4,285M USD for 2023 and 3,996M USD for 2022.

How many employees does Topgolf Callaway Brands have?

Topgolf Callaway Brands has 32,000 employees.

What sector is Topgolf Callaway Brands in?

Topgolf Callaway Brands is a consumer products company.

When was Topgolf Callaway Brands founded?

Topgolf Callaway Brands was founded in 1982.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity8
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Topgolf Callaway Brands

Topgolf Callaway Brands Corp.

2180 Rutherford Road,
Carlsbad, California 92008
United States,
(760) 931-1771
www.topgolfcallawaybrands.com

Topgolf Callaway Brands designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls, and also sells golf accessories (such as golf bags, golf gloves, headwear, towels, umbrellas and travel gear) under the Topgolf Callaway Brands and Odyssey brand names. The Company generally sells its products to retailers, directly and through its wholly-owned subsidiaries, and to third-party distributors. Topgolf Callaway Brands also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories, including apparel, footwear, eyewear, rangefinders and practice aids. Topgolf Callaway Brands was founded in 1982 and is based in Carlsbad, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 7 1 - - - - 8
vol $802M $2.0B $2.8B
Sell (0.0/yr) # 1 - - - - - 1
  9

Most Recent M&A

Company Date Value Type
Topgolf International, Inc. 2020-10-27 2.0B USD Merger
Dallas, Texas · www.topgolf.com
Jack Wolfskin GmbH & Co. KGaA 2018-11-30 476M USD Add-on Acquisition
Idstein, Germany · www.jack-wolfskin.com
TravisMathew LLC 2017-08-03 126M USD Add-on Acquisition
Huntington Beach, California · www.travismathew.com
OGIO International, Inc. 2017-01-11 76M USD Add-on Acquisition
Bluffdale, Utah · www.ogio.com
Toulon Design 2016-08-29 - Add-on Acquisition
Vista, California · www.toulondesign.com
Top-Flite Golf Co. 2012-04-04 - Divestiture
, United States
uPlay, Inc. 2008-12-31 - Add-on Acquisition
Carlsbad, California
FrogTrader, Inc. 2004-07-08 - Add-on Acquisition
Austin, Texas
Top-Flite Golf Co. 2003-07-01 125M USD Special Situations/Distressed
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Callaway Golf K.K.    - Callaway Apparel K.K. 2019-06-03 1
Tokyo, Japan · www.callawaygolf.jp Tokyo, Japan

M&A by Sector

Sector Buy # Value Sell # Value
Apparel/Textiles 3 (38%) 677M (24%) - -
Consumer Products 2 (25%) 125M (4%) 1 (100%) -
Electronics 1 (13%) - - -
Internet Software and Services 1 (13%) - - -
Leisure 1 (13%) 2.0B (71%) - -
Total 8 $2.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 2.3B 1 -
  California 3 126M - -
  Texas 2 2.0B - -
  Utah 1 76M - -
Germany 1 476M - -
Domestic 7 (88%) 2.3B (83%) 1 (100%) -
Cross-border 1 (13%) 476M (17%) - -
Total 8 $2.8B 1 -

Top M&A Advisors

Financial Deals
Lazard Ltd.
 2
Goldman Sachs
 1
J.P. Morgan Securities
 1
Legal Deals
Latham & Watkins
 4

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 3 $727M
< $100M 1 $76M
TOTAL $2.8B
Largest Topgolf International, Inc.
$2.0B (2020-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Consumer Products

Revenue

4,285   8% 2023
3,996   28% 2022
3,133   98% 2021
1,589   7% 2020
1,701   37% 2019
1,243   19% 2018
1,049   21% 2017
871   4% 2016
844   5% 2015
887   6% 2014
843   2% 2013
834   2012
(millions of USD) Show More Show Less

Employees

32,000

Established

1982

Public

NYSE: MODG

Former Name

Callaway Golf Co.

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