Platinum Equity acquired Club Car from industrial components maker Ingersoll-Rand in 2021 for about $1.7bn.
Club Car’s products are used by the Professional Golfers’ Association of America amongst other large organisations in the circuit, as well as in tourism and other sectors. The company also provides maintenance and repair services for its carts and works with over 350 distributors and dealers globally, according to its website.
Source: Private Equity Wire
