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TaylorMade to be acquired by Korean-based private equity firm Centroid Investment Partners

Published

5 years ago

on

On Tuesday, TaylorMade Golf Company announced that its current financial sponsor, KPS Capital Partners, has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company to Centroid Investment Partners.

According to TaylorMade CEO David Abeles, the focus of the new partnership will be to “keep on doing what’s made us the leader in our industry – the creation of best-in-class products, invest in our brand, and deliver incredible service to our customers and golfers of all skill levels.”

KPS acquired TaylorMade in 2017 from Adidas, and since then, TaylorMade has experienced substantial growth in revenue and profitability worldwide, and per the company is poised to have the strongest year in its history under the leadership of David Abeles, CEO of TaylorMade Golf.

On the sale to Centroid Investment Partners LC, Abeles further stated

“This transaction is a very important milestone as we continue to build upon our brand’s momentum around the world. Not surprisingly, the sale process for TaylorMade generated tremendous interest from a wide range of prospective buyers and resulted in an agreement that reflects the outstanding performance of our business today, as well as the outlook for the future.”

Established in 2015, Centroid Investment Partners LC (“Centroid”) is a Seoul-based private equity firm. Some of the equity firm’s most recent purchases include the South Springs Country Club, Kolon Advance Fiber, and Woongjin Booxen.

Speaking on the acquisition of TaylorMade Golf Company, Jinhyeok Jeong, founder and CEO of Centroid Investment Partners, said

“TaylorMade Golf is a transformational investment for Centroid. We are very excited to have the opportunity to invest in a global leader in golf. The industry is currently experiencing high demand, increased participation, with strong long-term opportunities around the world. TaylorMade is an iconic brand with continued momentum across the key golf equipment categories and regions, especially the Korean and wider Asian markets. We are equally excited to work with CEO David Abeles and his “exceptional senior management team to support continued growth and success.”

The financial terms of the transaction have not been disclosed.

 

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Gianni is the Managing Editor at GolfWRX. He can be contacted at gianni@golfwrx.com

10 Comments

10 Comments

  1. mick

    May 12, 2021 at 9:03 pm

    Is PING the only so called “American company” now making clubs? Even then all their stuff is made in China now. Is their any American made irons?, PXG ??

    Reply Report comment

  2. MhtLion

    May 12, 2021 at 10:02 am

    Wow, two Korean companies now controlling over 50% of the market. You have to note that these manufacturers are major sponsors of pretty much everything golf. So, owning these companies also means having influences in PGA events.

    Reply Report comment

  3. Benny

    May 12, 2021 at 7:16 am

    Crazy to think Covid caused so much growth but the courses are experiencing the same. What happens whennit comes crashing down?

    Reply Report comment

    • Heat Miser

      May 12, 2021 at 12:12 pm

      Lots of layoffs at the bottom… but no pay cuts for CEOs and no drop in sponsorship $. The usual.

      Reply Report comment

    • Brandon

      May 12, 2021 at 7:25 pm

      I’ll be able to get a decent tee time less than 2 weeks in advance.

      Reply Report comment

  4. Rascal

    May 11, 2021 at 6:53 pm

    First Acushnet, and now Taylormade. These Koreans aren’t satisfied with just buying golf gear, they have to have the whole farm too!

    Reply Report comment

  5. Snake

    May 11, 2021 at 12:43 pm

    This is a whole new slant on “Win on Sunday, sell on Monday”.

    Reply Report comment

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News

2026 PGA Championship betting odds

Published

1 day ago

on

May 12, 2026

By

Scottie Scheffler leads the betting ahead of the second major championship of the year, with the World Number One a +345 favorite to get his hands on a second PGA Championship.

Rory McIlroy who won the Masters back in April is a +800 shot to complete half of the calendar slam at Aronimink Golf Club this week, while Jordan Spieth can be backed at +5900 to become a career grand slam winner.

Here is the full betting board for the 2026 PGA Championship courtesy of DraftKings.

Scottie Scheffler +345 – (Check 0ut his WITB here)

Rory McIlroy +800 – (Check out his WITB here)

  • Jon Rahm +1300 
  • Cameron Young +1500
  • Bryson DeChambeau +1700
  • Xander Schauffele +1850
  • Matt Fitzpatrick +1950
  • Ludvig Aberg +2000
  • Tommy Fleetwood +2600
  • Collin Morikawa +3500
  • Brooks Koepka +3900
  • Justin Rose +4300
  • Russell Henley +4600
  • Si Woo Kim +4700
  • Justin Thomas +4800
  • Robert MacIntyre +5300
  • Patrick Cantlay +5300
  • Viktor Hovland +5400
  • Tyrrell Hatton +5500
  • Jordan Spieth +5900
  • Sam Burns +6000
  • Hideki Matsuyama +6200
  • Adam Scott +6400
  • Rickie Fowler +7000
  • Chris Gotterup +7400
  • Patrick Reed +7400
  • Min Woo Lee +7800
  • Ben Griffin +8000
  • Sepp Straka +8400
  • Shane Lowry +9000
  • Akshay Bhatia +9200
  • Maverick McNealy +9200
  • Joaquin Niemann +9200
  • Jake Knapp +9200
  • Jason Day +9600
  • Kurt Kitayama +10000
  • J.J. Spaun +10000
  • Harris English +10500
  • Nicolai Hojgaard +11000
  • Gary Woodland +11000
  • David Puig +11000
  • Michael Thorbjornsen +12000
  • Jacob Bridgeman +12000
  • Keegan Bradley +12500
  • Corey Conners +14000
  • Alex Fitzpatrick +15000
  • Sungjae Im +15500
  • Sahith Theegala +15500
  • Harry Hall +15500
  • Alex Noren +16000
  • Thomas Detry +16500
  • Marco Penge +16500
  • Kristoffer Reitan +17000
  • Alex Smalley +17000
  • Wyndham Clark +17500
  • Sam Stevens +17500
  • Keith Mitchell +17500
  • Daniel Berger +18500
  • Ryan Gerard +20000
  • Nick Taylor +20000
  • Rasmus Hojgaard +21000
  • Dustin Johnson +21000
  • Pierceson Coody +23000
  • Aaron Rai +24000
  • Jordan Smith +24000
  • Angel Ayora +24000
  • Bud Cauley +25000
  • Matt McCarty +26000
  • Jayden Schaper +26000
  • Brian Harman +27000
  • Taylor Pendrith +27000
  • Ryan Fox +27000
  • J.T. Poston +27000
  • Cameron Smith +29000
  • Ryo Hisatsune +29000
  • Michael Kim +29000
  • Max Homa +29000
  • Denny McCarthy +29000
  • Tom McKibbin +30000
  • Rico Hoey +32000
  • Matt Wallace +32500
  • Ricky Castillo +33000
  • Haotong Li +33000
  • Michael Brennan +34000
  • Max Greyserman +36000
  • Stephan Jaeger +37500
  • Christiaan Bezuidenhout +37500
  • Rasmus Neergaard-Petersen +39000
  • Aldrich Potgieter +40000
  • Andrew Novak +42000
  • Patrick Rodgers +42500
  • Daniel Hillier +42500
  • Max McGreevy +46000
  • Billy Horschel +48000
  • Chris Kirk +48000
  • Ian Holt +49000
  • Casey Jarvis +49000
  • William Mouw +50000
  • Steven Fisk +50000
  • John Parry +50000
  • Nico Echavarria +52500
  • Garrick Higgo +52500
  • John Keefer+55000
  • Matthias Schmid +57500
  • Austin Smotherman +57500
  • Sami Valimaki +60000
  • Andrew Putnam +60000
  • Lucas Glover +62500
  • Daniel Brown +62500
  • Jhonattan Vegas +75000
  • Emiliano Grillo +80000
  • Mikael Lindberg +85000
  • Adrien Saddier +100000
  • Bernd Wiesberger +100000
  • Elvis Smylie +110000
  • Stewart Cink +130000
  • Kota Kaneko +130000
  • David Lipsky +150000
  • Chandler Blanchet +150000
  • Andy Sullivan +150000
  • Joe Highsmith +180000
  • Adam Schenk +200000
  • Travis Smyth +200000
  • Davis Riley +225000
  • Martin Kaymer +400000
  • Brian Campbell +400000
  • Padraig Harrington +450000
  • Kazuki Higa +450000
  • Jordan Gumberg +450000
  • Ryan Vermeer +500000
  • Austin Hurt +500000
  • Tyler Collet +500000
  • Timothy Wiseman +500000
  • Shaun Micheel +500000
  • Y.E. Yang +500000
  • Michael Block+500000
  • Mark Geddes+500000
  • Luke Donald+500000
  • Bryce Fisher+500000
  • Jimmy Walker +500000
  • Jason Dufner +500000
  • Jesse Droemer +500000
  • Jared Jones +500000
  • Garrett Sapp +500000
  • Francisco Bide +500000
  • Zach Haynes +500000
  • Paul McClure+500000
  • Derek Berg +500000
  • Chris Gabriele +500000
  • Braden Shattuck +500000
  • Ben Polland +500000
  • Ben Kern +50000

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Tour Photo Galleries

Photos from the 2026 PGA Championship

Published

2 days ago

on

May 11, 2026

By

GolfWRX is on site for the second major of 2026: The PGA Championship from Aronimink in Newtown Square, Pennsylvania.

The tournament’s location, just outside Philadelphia, and its status as a major championship mean GolfWRXers are in for a treat: WITBs from a strong field, custom gear celebrating the PGA Championship, and the rich culture of the City of Brotherly Love — we have noted a relative absence of cheesesteak-themed items thus far this week, but most of the rest of the usual suspects are well represented.

Check out links to all our photos below.

General Albums

WITB Albums

Pullout Albums

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News

How much each player won at the 2026 Truist Championship

Published

2 days ago

on

May 11, 2026

By

Kristoffer Reitan held his nerve at Quail Hollow on Sunday to claim his first PGA Tour victory and the $3.6 million winner’s check that came with it. The Norwegian fended off a packed leaderboard on a dramatic final day, with Rickie Fowler and Nicolai Højgaard both taking home $1.76 million for their runner-up finishes.

With a total prize purse of $20 million up for grabs, here’s a look at how much each player won at the 2026 Truist Championship.

1: Kristoffer Reitan, $3,600,000

T2: Rickie Fowler, $1,760,000

T2: Nicolai Hojgaard, -$1,760,000

4: Alex Fitzpatrick, $960,000

T5: Tommy Fleetwood, $730,000

T5: Sungjae Im, $730,000

T5: J.J. Spaun, $730,000

T8: Ludvig Aberg, $600,000

T8: Harry Hall, $600,000

T10: Patrick Cantlay, $500,000

T10: Matt McCarty, $500,000

T10: Cameron Young, $500,000

13: Justin Thomas, $420,000

T14: Min Woo Lee, $360,000

T14: Chris Gotterup, $360,000

T14: Nick Taylor, $360,000

T17: Alex Smalley, $310,000

T17: Gary Woodland, $310,000

T19: Austin Smotherman, $242,100

T19: Rory McIlroy, $242,100

T19: Keegan Bradley, $242,100

T19: Sudarshan Yellamaraju, $242,100

T19: Kurt Kitayama, $242,100

T24: Patrick Rodgers, $156,643

T24: Pierceson Coody, $156,643

T24: Adam Scott, $156,643

T24: Andrew Novak, $156,643

T24: Harris English, $156,643

T24: J.T. Poston, $156,643

T24: David Lipsky, $156,643

T31: Brian Harman, $114,416.67

T31: Viktor Hovland, $114,416.67

T31: Alex Noren, $114,416.67

T31: Tony Finau, $114,416.67

T31: Nico Echavarria, $114,416.67

T31: Corey Conners, $114,416.67

T37: Sam Burns, $82,187.50

T37: Maverick McNealy, $82,187.50

T37: Akshay Bhatia, $82,187.50

T37: Taylor Pendrith, $82,187.50

T37: Matt Wallace, $82,187.50

T37: Andrew Putnam, $82,187.50

T37: Bud Cauley, $82,187.50

T37: Lucas Glover, $82,187.50

T45: Justin Rose, $60,000

T45: Daniel Berger, $60,000

T45: Ryo Hisatsune, $60,000

T48: Denny McCarthy, $50,000

T48: Aldrich Potgieter, $50,000

T48: Webb Simpson, $50,000

T48: Michael Kim, $50,000

T52: Mackenzie Hughes, $45,187.50

T52: Max Homa, $45,187.50

T52: Brian Campbell, $45,187.50

T52: Jhonattan Vegas, $45,187.50

T52: Matt Fitzpatrick, $45,187.50

T52: Chandler Blanchet, $45,187.50

T52: Jordan Spieth, $45,187.50

T52: Jacob Bridgeman, $45,187.50

T60: Xander Schauffele, $42,500

T60: Robert MacIntyre, $42,500

T60: Ricky Castillo, $42,500

T63: Ben Griffin, $41,250

T63: Sepp Straka, $41,250

T65: Ryan Gerard, $40,250

T65: Si Woo Kim, $40,250

67: Ryan Fox, $39,500

68: Jason Day, $39,000

69: Sahith Theegala, $38,000

70: Sam Stevens, $37,500

71: Hideki Matsuyama, $37,000

72: Tom Hoge, $36,000

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