Announced
Completed
Financials
Sources
Tags
Private Equity
golf equipments
United States
Recreational Products
Acquisition
Domestic
Minority
Private
Venture Capital
Completed
Friendly
Single Bidder
Synopsis
Powerhouse Capital, a Los Angeles based venture capital fund, led a $20m Series A round in Pro Shop, a golf equipment supplier. “The success of 'Full Swing' is confirmation of golf’s loyal and massive following. Combined with last year being the second-highest year ever for golf participation and the expansion of golf into the cultural zeitgeist, it’s clear that the sport is having a moment. Pro Shop’s goal is to captivate fans of the game everywhere and foster new ones. Golf is universal and the opportunity to further expand upon the PGA TOUR's vast storytelling potential couldn't be more exciting,” Chad Mumm, Pro Shop President and Co-Founder.
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