In October 2018, Endless Fund IV acquired Europe’s largest golf retailer, American Golf, following an accelerated sale process completed in only 2 weeks.
American Golf was established in 1970 and now has annual turnover of approximately £100 million. It sells a comprehensive range of golf clubs, equipment, shoes and clothing and employs over 50 PGA professionals and 20 Master Fitters who provide custom fitting services and specialist in-store advice. The business holds a unique position as the UK’s golf market leader and has been providing specialist expertise to golfers of all abilities for nearly 50 years.
The deal included more than 100 American Golf retail stores across the UK and Ireland, the www.americangolf.co.uk and www.onlinegolf.co.uk websites and secured the jobs of over 900 employees in stores and at the Head Office in Warrington.
The investment was led by Endless Partner Tom Jack, who will join American Golf’s board along with Investment Director Richard Harrison.
Tom said: “As the UK’s market leader, we believe American Golf is a business with fantastic potential and we’re delighted to be able to protect the employment of over 900 employees as a result of this acquisition. We look forward to welcoming American Golf’s loyal customers and working with global golf brands to provide an unparalleled destination golfing experience.”