{"id":56928,"date":"2025-11-20T00:17:12","date_gmt":"2025-11-20T00:17:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/56928\/"},"modified":"2025-11-20T00:17:12","modified_gmt":"2025-11-20T00:17:12","slug":"pe-firm-acquires-majority-stake-in-dallas-based-topgolf-valuing-company-at-1-1b-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/56928\/","title":{"rendered":"PE Firm Acquires Majority Stake in Dallas-Based Topgolf, Valuing Company at\u00a0$1.1B \u00bb Dallas Innovates"},"content":{"rendered":"

Carlsbad, California-based Topgolf Callaway Brands (NYSE: MODG) has inked a deal to sell a 60% stake in its Dallas-based Topgolf and Toptracer business to private equity funds managed by Leonard Green & Partners. The deal gives Topgolf a valuation of around $1.1 billion.\u00a0<\/p>\n

\u201cAs we considered various alternatives to separate Topgolf, including a potential spin-off transaction, we received interest from a number of parties,\u201d Chip Brewer, president and CEO of Topgolf Callaway Brands, said in a statement. \u201cAfter a robust process and a thorough evaluation of a range of alternatives, we believe this sale is the best outcome for our shareholders, as well as our employees and other stakeholders.\u201d<\/p>\n

\u201cThis transaction is highly attractive in that it provides the company with both significant proceeds and substantial upside in the continued growth of Topgolf,\u201d Brewer added.<\/p>\n

Brewer called L.A.-based LPG \u201ca leading private equity firm with a track record of success in investing in high-growth consumer companies and is an ideal partner for Topgolf in its next chapter,\u201d and said his company looks forward to partnering with LGP to further accelerate Topgolf\u2019s growth and financial success.<\/p>\n

The deal is slated to close in the first quarter of 2026. Upon closing, Topgolf Callaway Brands plans to change its name to Callaway Golf Company, with an ongoing brand portfolio consisting of Callaway, Odyssey, TravisMathew and Ogio. The company will update its ticker symbol to CALY and its common stock will continue to trade on the New York Stock Exchange.<\/p>\n

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\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n

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Topgolf said the limited-time experience is available at all Topgolf U.S. venues Feb. 1 through April 13. It’s accompanied by a national in-venue sweepstakes and limited-time menu items.<\/p>\n

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At 51 Topgolf locations nationwide, a goal post has been installed in the “outfield” so guests can swing at balls while getting into the fall football spirit. There’s also a digital Field Goal Challenge game, plus “tailgate bundles” and football-themed menu items.<\/p>\n

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Michael Fernandez joins the Plano-based retail organization\u2014formed in January through the mega-merger of JCPenney and SPARC Group\u2014to lead commercial expansion and deepen brand partnerships across a portfolio that includes A\u00e9ropostale, Brooks Brothers, Nautica, Lucky Brand, and more.<\/p>\n

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Chris Lyons has worked with some of the world\u2019s most renowned brands in hospitality, zoos, parks and attractions. He’ll now be responsible for the day-to-day operations of the planned Halperin Park in Southern Dallas (formerly known as Southern Gateway Park).<\/p>\n

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The combination of JCPenney with entities including the parent of brands A\u00e9ropostale, Brooks Brothers, Eddie Bauer, and more will be based in Plano and have $9 billion in revenue, 1,800 stores, and 60,000 employees.<\/p>\n","protected":false},"excerpt":{"rendered":"Carlsbad, California-based Topgolf Callaway Brands (NYSE: MODG) has inked a deal to sell a 60% stake in its…\n","protected":false},"author":2,"featured_media":56929,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[102,104,103,30874,30875,30876,30877],"class_list":["post-56928","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-leonard-green-partners","tag-topgolf","tag-topgolf-callaway-brands","tag-toptracer"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/56928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=56928"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/56928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/56929"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=56928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=56928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=56928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}