Perfect Game Acquires Triangle Top Gun Sports

ZT Corporate Acquires Baseball Nation

June 3, 2022

Education

Houston-based private equity firm ZT Corporate acquired Baseball Nation and will operate the business as ZT Baseball Nation, expanding ZT Baseball's facility operations into the Dallas–Fort Worth area. The combined business will operate 12 fields (including Aviator Ballpark in McKinney, Texas) and will exclusively host Perfect Game events at the North Texas facilities, with Baseball Nation owner James Belt transitioning to COO.

Callaway Golf Company Completes Merger with Topgolf International

March 8, 2021

Media & Entertainment

Callaway Golf Company and Topgolf International have completed their previously announced merger to form a combined, tech-enabled golf and entertainment leader. Under the terms of the deal Callaway issued approximately 90 million shares to Topgolf shareholders; immediately post-close Callaway shareholders owned ~51.3% and former Topgolf shareholders owned ~48.7% of the combined company, which is headquartered in Carlsbad, California with Topgolf operations based in Dallas, Texas.

Leonard Green Acquires 60% Stake in Topgolf from Topgolf Callaway Brands

January 1, 2026

Restaurants & Hospitality

Private equity funds managed by Leonard Green & Partners acquired a 60% stake in Topgolf and Toptracer from Topgolf Callaway Brands, valuing the Topgolf unit at approximately $1.1 billion. Topgolf Callaway Brands received about $800 million in net cash proceeds, retained a 40% stake, and used proceeds to repay $1 billion of term loan debt while announcing a corporate name change back to Callaway Golf Company.

SportsHub Games Network Acquires Fantasy National Golf Club

July 20, 2020

Media & Entertainment

SportsHub Games Network, a Minneapolis-based operator of fantasy and real-money gaming sites, has acquired Fantasy National Golf Club to expand its fantasy golf offerings and research tools. The deal is an add-on as part of SportsHub's ongoing roll-up strategy to consolidate mid-tier fantasy sports platforms and broaden its product portfolio.

US Sports Camps Acquires Play Your Game Collective (Esports Camps)

October 7, 2020

Education

US Sports Camps, the licensed operator of NIKE Sports Camps, has acquired Play Your Game Collective (PYGC), the operator of Esports Camps, to add competitive gaming programming to its youth camp portfolio. The deal brings PYGC's esports curriculum and partner relationships (including Logitech, Riot Games and Statespace) into US Sports Camps' platform as it expands virtual and in‑person esports offerings.

Service Express Acquires Top Gun Technology

February 12, 2025

IT Services

Service Express, a data center and infrastructure solutions provider, has acquired Top Gun Technology, a Greater Minneapolis-based data center maintenance and mission-critical support services provider. The acquisition expands Service Express' multivendor maintenance and managed infrastructure capabilities—particularly in mainframe and complex enterprise storage support—and integrates Top Gun's specialized workforce and ITAD capabilities into Service Express' global service portfolio.