M&A Deal Summary

Club Car Acquires Garia

On April 9, 2022, Club Car acquired automotive company Garia from Lars Larsen Group

Acquisition Highlights
  • This is Club Car’s 1st transaction in the Automotive sector.
  • This is Club Car’s 1st transaction in Denmark.

M&A Deal Summary
Date 2022-04-09
Target Garia
Sector Automotive
Buyer(s) Club Car
Sellers(s) Lars Larsen Group
Deal Type Divestiture

Target

Garia

Greve, Denmark
Garia is a manufacturer of electric low-speed vehicles for the utility, consumer, and golf markets. Garia launched Garia Utility in 2015, a growing line of compact vehicles for utility applications, including the public sector (municipalities, hospitals, universities, parks), facility management (industrial sites, hotels, resorts), leisure and outdoor (zoos, amusement parks, forestry, and agriculture), and last-mile delivery. Garia was founded in 2005 and is based in Greve, Denmark.

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Buyer(S) 1

Buyer

Club Car

Evans, Georgia, United States
Category Company
Founded 1958
Sector Automotive
DESCRIPTION

Club Car is a global manufacturer of golf cars, utility, personal transportation, and other low-speed vehicles, including all-electric models, and related aftermarket parts and services. Club Carwas formed in 1958 and is based in Evans, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Lars Larsen Group

Brabrand, Denmark
Category Company
Sector Diversified
DESCRIPTION

Lars Larsen Group owns and operates furniture, golfcars, restaurants and hotels. Lars Larsen Group is based in Brabrand, Denmark.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-28 Sangjatten

Västra Frölunda, Sweden

Sangjatten is a full-service omnichannel retailer that operates in the value-for-money segment in the Swedish market. Sangjatten offers a wide range of products including premium brands, such as Tempur, Sjöholm, and Wonderland, and aims to provide customers with the very best sleep advice.

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