Add-on Acquisition • Publishing

Torstar and Golf Town Acquire Scoregolf Magazine

On January 6, 2021, Torstar and Golf Town acquired publishing company Scoregolf Magazine

Acquisition Context
  • This is Torstar’s 2nd and Golf Town’s 1st transaction in the Publishing sector.
  • This is Torstar’s 3rd and Golf Town’s 1st transaction in Canada.
  • This is Torstar’s 3rd and Golf Town’s 1st transaction in Ontario.

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M&A Deal Summary

Date January 6, 2021
Target Scoregolf Magazine
Sector Publishing
Buyer(s) Torstar
Golf Town
Deal Type Add-on Acquisition

Target Company

Scoregolf Magazine

Toronto, Ontario, Canada
Scoregolf Magazine is the largest circulated golf publication in Canada. Scoregolf Magazine assets include SCOREGolf.com, television and video content production, and the ranking of Canada's Top 59 public golf courses and Top 100 golf courses.
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Buyers Overview 2

Buyer

Torstar

Toronto, Ontario, Canada

Category Company
Founded 1892
Sector Publishing
Revenue 543M CAD (2018)
DESCRIPTION

Torstar Corp. is a broadly-based media company that publishes a daily newspaper, six regional daily newspapers in Ontario including The Hamilton Spectator, and more than 70 weekly community newspapers in Ontario; flyer distribution services: and digital properties including thestar.com (with local editions in Toronto, Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, and Halifax), wheels.ca, toronto.com, save.ca, a number of regional online sites and eyeReturn Marketing. Torstar Corp. was established in 1892 and is headquartered in Toronto, Ontario.


Deal Context for Buyer #
Overall 4 of 4
Sector: Publishing 2 of 2
Type: Add-on Acquisition 4 of 4
State: Ontario 3 of 3
Country: Canada 3 of 3
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 VerticalScope

Toronto, Ontario, Canada

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. It enables people with common interests to connect, explore their passions, and share knowledge about the things they love. VerticalScope was founded in 1999 and is based in Toronto, Ontario.

Buy -
Buyer

Golf Town

Markham, Ontario, Canada

Category Company
Founded 1998
Sector Retail
DESCRIPTION

Golf Town is a retailer of golf merchandise. it now operates 32 stores across Canada employing some 1,200 people in the provinces of Ontario, British Columbia, Alberta, Manitoba, Quebec and Nova Scotia. Golf Town offers products from the leading international manufacturers together with teaching academies, golf simulators and pro shop services. As well, Golf Town provides fast, reliable logo?ing services on this wide range of brand name apparel, equipment, balls and more for corporate tournaments and events.


Deal Context for Buyer #
Overall 1 of 1
Sector: Publishing 1 of 1
Type: Add-on Acquisition 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-21 Accolade Promotion Group

Vaughan, Ontario, Canada

Accolade Promotion Group (APG) is a distributor of promotional products in Canada.

Sell -