Kinzie Capital Partners LP, a Chicago-based private equity firm, has acquired GT Golf Holdings Inc., a provider of golf pro shop supplies, golf grips and club assembly items, golf accessories and customized tournament items.
GT Golf was founded in 1995 and offers a suite of consumable products, including golf grips, accessories and tees, sourcing over 3,000 SKUs from over 150 vendors in addition to 300 company-owned proprietary products. With this deal, GT Golf looks to use Kenzie’s strategic partnership with management and technology consulting firm Clarity Partners to expand its national presence and transform the company.
“Kinzie’s collaborative relationship with technology specialists along with their operational expertise presents us with an opportunity to expand our reach into new markets and demographics,” says Brian Van De Veere, president of GT Golf.
CIBC Cleary Gull served as financial advisor to GT Golf on this transaction.