Topgolf Callaway Brands Acquires BigShots Golf Assets from Invited
November 1, 2023
Topgolf Callaway Brands Corp. acquired certain assets related to the BigShots Golf business from Invited, Inc., including four U.S. venues (one owned, three franchised), development rights and related assets. The deal, with an initial purchase price of approximately $29 million, also includes a preferred vendor agreement with Invited to feature Topgolf Callaway Brands' products at Invited's club portfolio, expanding the company's off-course golf footprint and strategic partnerships.
- Buyers
- Topgolf Callaway Brands Corp.
- Targets
- BigShots Golf
- Sellers
- Invited, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Buyout
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