Announced
Completed
Financials
Tags
Recreational Vehicles and Boats
Single Bidder
Private
golf cars
Majority
Friendly
Acquisition
United States
Private Equity
Domestic
Completed
Synopsis
Private equity firm Platinum Equity completed the acquisition of Club Car, a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, from Ingersoll Rand, an American Irish-domiciled diversified industrial manufacturing company, for $1.7bn. "Club Car is an attractive platform for strategic partnerships and prospective add-on acquisitions that can help further extend its reach into new geographies or adjacent markets. We have a lot of experience helping companies grow and will put our M&A resources to work on the company's behalf," Matt Louie, Platinum Equity Managing Director.
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