Has been acquired by
As the Company continued to grow, the Shareholders were looking for a liquidity event and a partner that was well experienced and versed in apparel and international markets. The Shareholders saw their omnichannel strategy working and believed someone with deep resources would help them increase their geographic reach and product offerings.
Management believed Callaway’s resources, distribution network and synergistic channels could further accelerate TravisMathew’s impressive growth.
At the same time, Callaway saw TravisMathew as a great fit in its strategy to grow in areas tangential to golf and an opportunity to capture double digit growth in the lackluster golf environment.
“We were impressed
with the Hexagon team’s strategic advice and skills in negotiating and managing the diligence process. With their guidance, we were able to achieve a strong valuation and successful outcome for our team and shareholders.”
Flavor Infusion International, S.A.