Key Takeaways
- • US private equity firm Corbel Capital Partners has acquired Motocaddy, the electric golf trolley brand, from ETHOS Partners.
- • Under ETHOS ownership, Motocaddy more than doubled both revenue and EBITDA, driven by investment in product development, technology, sales infrastructure and distribution, particularly in the US.
- • The existing management team stays in place, with CEO John Helas and CFO Richard Inglis joining the new board.
- • Corbel plans to build on Motocaddy's UK, Ireland and European base while accelerating growth in North America, Australia and other international markets.
Summary
Motocaddy, the electric golf trolley brand, has been acquired by US private equity firm Corbel Capital Partners, according to the company's announcement as reported by The Golf Business. The company was previously owned by ETHOS Partners. Motocaddy says that during ETHOS's ownership it more than doubled both its revenue and EBITDA, driven by investment in product development, technology, sales infrastructure and distribution, particularly in the important US market. Founded in 2004, the brand has an established presence in major golf markets internationally. The source does not disclose the transaction value.
Under its new owner, Motocaddy will build on its base in the UK, Ireland and Europe, while pursuing opportunities to accelerate growth in North America, Australia and other international markets. The existing management team will remain in place. Chief executive John Helas and chief financial officer Richard Inglis will also join the new board.
Helas said the growth delivered during ETHOS Partners' ownership reflected the strength of the brand, its products and its people, and described Corbel as an exciting next step with significant opportunities ahead. He stressed that the management team's continuity would support the company's ambitions while it continues to serve customers and partners worldwide.
Christian Hostetter, principal at Corbel, described Motocaddy as the clear category leader with a loyal customer base, a strong pipeline of new products and significant room to grow in North America. He said Corbel looks forward to supporting the business through its next phase of growth.
Under its new owner, Motocaddy will build on its base in the UK, Ireland and Europe, while pursuing opportunities to accelerate growth in North America, Australia and other international markets. The existing management team will remain in place. Chief executive John Helas and chief financial officer Richard Inglis will also join the new board.
Helas said the growth delivered during ETHOS Partners' ownership reflected the strength of the brand, its products and its people, and described Corbel as an exciting next step with significant opportunities ahead. He stressed that the management team's continuity would support the company's ambitions while it continues to serve customers and partners worldwide.
Christian Hostetter, principal at Corbel, described Motocaddy as the clear category leader with a loyal customer base, a strong pipeline of new products and significant room to grow in North America. He said Corbel looks forward to supporting the business through its next phase of growth.
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