Topgolf Callaway Brands Mergers & Acquisitions

Topgolf Callaway Brands M&A Summary

Topgolf Callaway Brands has acquired 10 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Topgolf Callaway Brands’ largest acquisition to date was in 2020, when it acquired Topgolf International for $2.0B. It’s largest disclosed sale occurred in 2025, when it sold Jack Wolfskin & Co. KGaA to ANTA Sports Products for $290M. Topgolf Callaway Brands has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include apparel/textiles (34%) and consumer products (23%).

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity8
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6

Topgolf Callaway Brands

Topgolf Callaway Brands Corp.

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

All (11) Buy (8) Sell (3)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-11-18 Topgolf · Leisure
Dallas, Texas · www.topgolf.com

Topgolf is a sports-entertainment company that combines golf with social gaming, food, and events. Its venues feature electronically tracked golf balls in driving-range style bays, along with food & beverage, event spaces, and high-tech “Toptracer” ball-flight tracking systems. Topgolf also runs a media business, digital games, and technology platforms. It was founded in 2000 and is headquartered in Dallas, Texas.

- Divestiture

Leonard Green & Partners PE
Advisors: Moelis & Co. , Ropes & Gray , Sidley

Topgolf Callaway Brands
Advisors: Centerview Partners , Goldman Sachs , Latham & Watkins

Topgolf Callaway Brands
Advisors: Centerview Partners , Goldman Sachs , Latham & Watkins


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