Weil Steers Golf Town’s $97M Buy Of Major US Golf Retailer

Law360, New York (May 14, 2012, 2:55 PM EDT) -- The private equity-owned Golf Town inked a merger deal worth approximately $97.2 million for Austin, Texas-based Golfsmith International Holdings Inc., making the combined company the largest specialty golf retailer in the world, according to an announcement Monday.

The agreement gives Canada's Golf Town control of Golfsmith's distribution network, including 85 retail locations in the U.S. as well as Internet and catalog businesses, according to a joint statement the companies issued Monday.

Golf Town owner OMERS Private Equity Inc. touted Golfsmith's multichannel distribution system as a launching...
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