PONTE VEDRA BEACH, Fla. – A day after signing golf’s biggest free-agent to an equipment deal, TaylorMade Golf announced the company has been sold by Adidas AG to KPS Capital Partners for $425 million.
The purchase, which includes the TaylorMade, Adams and Ashworth brands, was announced a day after the company signed world No. 2 Rory McIlory to an endorsement deal which is reportedly worth $100 million.
In January, the Carlsbad, Calif.-based company signed Tiger Woods to an equipment deal and TaylorMade’s PGA Tour staff also includes world No. 1 Dustin Johnson, Jason Day, the defending champion at this week’s Players, and Masters champion Sergio Garcia.