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True Sports Acquires Designer and Distributor Aerotech Golf Shafts
Friday 06 December 2019

6 December 2019 - Tennessee, US-based golf shaft manufacturer True Sports has acquired Washington, US-based graphite golf shafts designer and distributor Aerotech Golf, the company said.

True Sports is a portfolio company of New York, US-based private equity firm Lincolnshire Management Portfolio company

Terms of the transaction were not disclosed.

This third acquisition during Lincolnshire Management's ownership was financed from the balance sheet of TRUE Sports, but no other financial information was disclosed.

True Temper said adding Aerotech to the lineup of True Sports golf brands, cements TRUE Sports' position in golf shaft innovation across all product categories.

Lincolnshire Management, invests in acquisitions of private companies, recapitalisations, corporate divestitures, management buyouts and growth equity for public and private companies. Lincolnshire manages over USD 1.7bn of private equity capital.

True Sports is a manufacturer of premium sporting goods in golf, hockey, lacrosse, and diamond sports industries.
Date Published: 06/12/2019
Target: Aerotech Golf
Country: USA
Sector: Consumer Products
Type: LBO
Status: Closed
Buyer: True Sports
Terms of the deal were not disclosed