Deal values Topgolf at approximately $1.1 billion. <\/p>\n
DALLAS \u2014 Topgolf Callaway Brands has completed the sale of a majority stake in its Dallas-based Topgolf<\/a> business to private equity funds managed by Leonard Green & Partners, a move that reshapes the company\u2019s future and brings new ownership to one of North Texas\u2019 most recognizable entertainment brands.<\/p>\n The deal, effective Jan. 1, 2026, gives Leonard Green & Partners<\/a> a 60% stake in Topgolf and Toptracer<\/a>, valuing the business at about $1.1 billion. Topgolf Callaway Brands said it received about $800 million in cash proceeds after adjustments and transaction expenses. As part of the deal, the company repaid $1 billion in outstanding debt.\u00a0<\/p>\n Topgolf Callaway Brands retained a 40% ownership stake in Topgolf following the transaction.<\/p>\n \u201cI am very pleased to report today that we have completed the sale of a majority interest in Topgolf,\u201d said Chip Brewer, president and CEO of Topgolf Callaway Brands. \u201cThis transaction positions both companies as separate, well-capitalized, focused, pure play businesses that should thrive in their respective spaces.\u201d<\/p>\n Brewer added that the deal reduces leverage, maintains marketing synergies between the companies and allows for potential future value creation through the company\u2019s retained stake.<\/p>\n Topgolf Callaway Brands also announced plans to change its corporate name back to Callaway Golf Company, with the change expected to take effect around Jan. 15. The company plans to begin trading under the ticker symbol \u201cCALY\u201d on or about Jan. 16.<\/p>\n The sale follows Topgolf Callaway\u2019s September 2024 announcement<\/a> that it was exploring a sale or spin-off of Topgolf. Artie Starrs stepped down as CEO<\/a> of Topgolf International on July 31, 2025.<\/p>\n Topgolf is headquartered in Dallas and remains a significant employer and economic presence in North Texas.<\/p>\n