OMERS Capital Partners has agreed to buy Golf Town Income Fund for about $240 million, including debt.
“Golf Town is a real Canadian success story,” says Paul Renaud, president and CEO at OCP. “We are investing with an exceptional management team and are very excited about the opportunity to continue to grow the business.”
The company was founded in 1998 and is now the largest golf retailer in Canada with 32 stores across the country, employing about 1,200 people.
The acquisition is expected to close in the fourth quarter.
OMERS Capital Partners has direct investments in a number of other firms, including MAAX Inc., Marketwire(formerly CCN Matthews), and Give and Go Prepared Foods Corp.
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