Topgolf Callaway, an American global sports equipment manufacturing company, completed the acquisition of BigShots Golf, a golf club, from Invited, a business conglomerate, for $29m. "This acquisition will benefit all three segments of our business. We are essentially purchasing an additional off-course venue and the royalty stream from three franchise venues, including the option to convert those to Toptracer technology in the near future, as well as further building out and strengthening our future venue pipeline and growing our partnership with an important golf equipment and apparel partner, Invited - all for the price of approximately one Topgolf venue. This deal is a great example of the synergies associated with our portfolio of brands and its leadership position in Modern Golf. It is also just the beginning of what's possible when two great brands combine their resources and creativity to develop programs that foster growth and further fuel the momentum in our game," Chip Brewer, Topgolf Callaway President and CEO.