REPORT: TaylorMade is for Sale
The popular golf brand TaylorMade is up for sale, according to a report from the New York Times.
KPS Capital Partners, who purchased TaylorMade in 2017, has hired Morgan Stanley to run the sale.
This comes after TaylorMade re-signed Dustin Johnson, and signed Tommy Fleetwood to an equipment deal.
TaylorMade’s stable of golfers also includes Rory McIlroy, Collin Morikawa, and Tiger Woods.
KPS acquired TaylorMade from Adidas back in May of 2017 for approximately $425 million, about $200 million in cash.
The New York Times reports that TaylorMade is currently valued at just over $2 billion.
For comparisons sake, NYT reports that Callaway is valued at $2.71 billion and Titleist at $3.15 billion.