On the Record · Callaway Golf
Callaway Golf acquisitions, on the record
The businesses Callaway Golf bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
BigShots business (additional assets from affiliates of Invited)Word for word“On January 1, 2024, in conjunction with our acquisition of the BigShots business, the initial closing of which was completed on November 1, 2023 (see Note 4), we completed the acquisition of additional assets from affiliates of Invited related to the BigShots business for a purchase price of approximately $5.9 million, which we funded with existing cash on hand.” 10-K for 2023 | acquisition | January 1, 2024 | approximately $5.9 million |
OGIOWord for word“In 2017, we expanded our business into active lifestyle apparel and accessories with our acquisitions of OGIO, a leading manufacturer of high-quality bags and accessories, and TravisMathew, a manufacturer of premium golf and active lifestyle apparel and accessories.” 10-K for 2024 | acquisition | In 2017 | — |
TravisMathewWord for word“In 2017, we expanded our business into active lifestyle apparel and accessories with our acquisitions of OGIO, a leading manufacturer of high-quality bags and accessories, and TravisMathew, a manufacturer of premium golf and active lifestyle apparel and accessories.” 10-K for 2024 | acquisition | In 2017 | — |
Jack WolfskinWord for word“In 2019, we acquired Jack Wolfskin, and in 2021, we completed a merger with Topgolf, a leading technology-enabled golf entertainment business with an innovative platform that includes our state-of-the-art golf and entertainment venues and proprietary Toptracer ball-tracking technology.” 10-K for 2024 | acquisition | In 2019 | — |
TopgolfWord for word“In 2019, we acquired Jack Wolfskin, and in 2021, we completed a merger with Topgolf, a leading technology-enabled golf entertainment business with an innovative platform that includes our state-of-the-art golf and entertainment venues and proprietary Toptracer ball-tracking technology.” 10-K for 2024 | merger | in 2021 | — |
Swing Suite golf simulation technology assets from Full Swing Golf Holdings, LLCWord for word“For example, in 2023, we acquired certain assets related to the Swing Suite golf simulation technology from Full Swing Golf Holdings, LLC (“Full Swing”) and certain assets related to the BigShots Golf business from affiliates of Invited, Inc.” 10-K for 2024 | acquisition | in 2023 | — |
BigShots Golf business assets from affiliates of Invited, Inc.Word for word“For example, in 2023, we acquired certain assets related to the Swing Suite golf simulation technology from Full Swing Golf Holdings, LLC (“Full Swing”) and certain assets related to the BigShots Golf business from affiliates of Invited, Inc.” 10-K for 2024 | acquisition | in 2023 | — |
WGT business (World Golf Tour digital golf game)Word for word“In December 2024, we completed the sale of our World Golf Tour (“WGT”) digital golf game (see Note 20), a service that allows players free gameplay via web and/or mobile gaming platforms which also provides players the opportunity to purchase virtual currency within the game to use towards virtual goods.” 10-K for 2024 | divestiture | In December 2024 | — |
WGT businessWord for word“In addition, during the fourth quarter of 2024, we recognized a $9.6 million loss related to the sale of the WGT business.” 10-K for 2024 | divestiture | during the fourth quarter of 2024 | $9.6 million loss |
BigShotsWord for word“During the year ended December 31, 2024, we used our cash and cash equivalents in addition to proceeds received from lease financings to fund operations, purchase capital expenditures, repurchase stock, and complete the BigShots acquisition.” 10-K for 2024 | acquisition | During the year ended December 31, 2024 | — |
Jack WolfskinWord for word“On May 31, 2025, we sold the Jack Wolfskin business to a subsidiary of ANTA Sports Products Limited for approximately $290.0 million, net of cash retained and customary working capital adjustments.” 10-K for 2025 | divestiture | May 31, 2025 | approximately $290.0 million |
60% stake in Topgolf and Toptracer businessesWord for word“On November 17, 2025, we entered into a definitive agreement to sell a 60% stake in our Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, L.P., at an equity value of approximately $1,100.0 million.” 10-K for 2025 | agreed divestiture | November 17, 2025 | equity value of approximately $1,100.0 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | — | — |
| 2017-12-31 | $183.5 million | — | — |
| 2018-12-31 | $0 | — | — |
| 2019-12-31 | $463.1 million | — | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $0 | — | $1.9 billion |
| 2022-12-31 | $0 | — | $16 million |
| 2023-12-31 | $29.7 million | $0 | $4.4 million |
| 2024-12-31 | $23.3 million | $0 | $4.3 million |
| 2025-12-31 | — | $286 million | — |
Deal filings since 2016
- 2026-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-11-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-04-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-08-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-02-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Callaway Golf’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.