Worldwide Golf Sold to Capital Hill Group
Worldwide Golf Sold to Capital Hill Group
Transaction
Overview
Our Partner firm, The Sage Group, advised Worldwide Golf on its sale to Capital Hill Group.
Worldwide Golf Shops is a leading golf retailer and e-tailer in the United States. Founded in 1984 by Craig McCallister, the Company has grown from one retail store in San Diego to 81 stores nationwide. The Company operates under seven regional sub-brands including Edwin Watts, Roger Dunn, Golf Mart, Van’s Pro Golf Shops, Golfer’s Warehouse, Uinta Golf, and Las Vegas Golf Superstore. Over its 35-year history, Worldwide Golf Shops has gained a loyal following with golf enthusiasts and maintained its dominant position in the marketplace.
The Sage Group was engaged by Worldwide Golf Shops to explore possible M&A opportunities. After extensive market research, the Company decided on a recapitalization led by Capitol Hill Group, a private investment firm, among others. Al Morris will remain on the Board and as CEO of Worldwide Golf Shops.
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