M&A Deal Summary

Topgolf Callaway Brands Acquires OGIO International

On January 11, 2017, Topgolf Callaway Brands acquired apparel/textiles company OGIO International for 76M USD

Acquisition Highlights
  • This is Topgolf Callaway Brands’ 1st transaction in the Apparel/Textiles sector.
  • This is Topgolf Callaway Brands’ 5th largest (disclosed) transaction.
  • This is Topgolf Callaway Brands’ 5th transaction in the United States.
  • This is Topgolf Callaway Brands’ 1st transaction in Utah.

M&A Deal Summary
Date 2017-01-11
Target OGIO International
Sector Apparel/Textiles
Buyer(s) Topgolf Callaway Brands
Deal Type Add-on Acquisition
Deal Value 76M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Snell & Wilmer (Legal)

Target

OGIO International

Bluffdale, Utah, United States
OGIO International, Inc. is a designer and marketer of bags, accessories and apparel for the golf, lifestyle, motorsports and endurance categories on a global basis.

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Buyer(S) 1

Buyer

Topgolf Callaway Brands

Carlsbad, California, United States
Category Company
Founded 1982
Sector Consumer Products
Employees32,000
Revenue 4.3B USD (2023)
DESCRIPTION
Entrance to Callaway's corporate headquarters in Carlsbad, California.
Entrance to Callaway's corporate headquarters in Carlsbad, California.

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.

DEAL STATS #
Overall 5 of 8
Sector (Apparel/Textiles) 1 of 3
Type (Add-on Acquisition) 4 of 6
State (Utah) 1 of 1
Country (United States) 5 of 7
Year (2017) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Toulon Design

Vista, California, United States

Toulon Design is a milled putter company specializing in performance-driven design and exceptional customization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 TravisMathew

Huntington Beach, California, United States

TravisMathew LLC is a golf and lifestyle apparel company. TravisMathew designs and sells premium men's apparel for work and play. TravisMathew LLC was founded in 2007 and is based in Huntington Beach, California.

Buy $126M
Mergr

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