PONTE VEDRA BEACH, Fl. – TaylorMade Golf, which has been up for sale for a year now, has finally found a buyer. According to GolfNewsNet, the news that KPS Capital Partners LP was purchasing the company, along with Adams Golf and Ashworth was sent out internally to employees on Wednesday.
Via GNN: The purchase follows an internal announcement in March that Adidas AG would begin a formal separation process with TaylorMade Golf which began immediately and would conclude in October 2017.
The New York-based KPS Capital Partners has investments in several industrial companies, including Chassis Brakes International and Electrical Components International.
The purchase price of $425 million dollars seems quite reasonable considering the talent that TaylorMade currently has on their roster. The company has No. 1 Dustin Johnson, No. 2 Rory McIlroy – who announced his signing on Wednesday ahead of The Players Championship, No. 3 Dustin Johnson, as well as up-and-coming star Jon Rahm, Masters champion Sergio Garcia, and some guy named Tiger Woods all pimping their brand.
McIlroy’s comments on the signing come at the 2:30 mark of the video above.