Who owns Taylormade?
TaylorMade Golf Company is an American sports equipment manufacturing company based in Carlsbad, California, United States. The company focuses on the golf equipment market, producing golf clubs, balls, and clothing. TaylorMade, which currently has many of the game’s top-ranked players on its staff including Dustin Johnson, Rory McIlroy, Collin Morikawa, Sung Hyun Park, and Tiger…
TaylorMade Golf Company is an American sports equipment manufacturing company based in Carlsbad, California, United States. The company focuses on the golf equipment market, producing golf clubs, balls, and clothing.
TaylorMade, which currently has many of the game’s top-ranked players on its staff including Dustin Johnson, Rory McIlroy, Collin Morikawa, Sung Hyun Park, and Tiger Woods, made around $100 million in annual EBITDA in 2020,
Who owns Taylormade?
TaylorMade was independently owned until 1984 when Salomon S.A. acquired the company. Since then the company has changed hands a lot of times, with Adidas in (2005), and KPS Capital Partners in 2017, Now, in 2021 the New York Times reported that KPS had hired Morgan Stanley to run a sale of Taylormade with a value estimated around US$2 billion. On May 11, 2021, Centroid Investment Partners – a Korean private equity firm – signed a definitive agreement to purchase Taylormade from KPS for a value of US$1.7 billion.
David Abeles is the current CEO and president of TaylorMade Golf Company, one of the largest golf ball and equipment producers in the world. David Abeles’ life story is deeply intertwined with golf and, to a meaningful extent, TaylorMade. He began his career there in ground sales, climbed the ranks, left twice, and returned as president in 2015.
