Japanese firm buys a majority interest in Colorado’s GolfTEC

By Ben Miller  – Contributing Writer

2 hours ago

A Japanese company said it’s now the majority owner of Englewood-based GolfTEC, the golf teaching and club-fitting company.

Golf Digest Online (GDO) of Japan said its U.S. subsidiary, GDO Sports Inc. purchased the majority interest in GolfTEC (Golf Technique, Equipment, Conditioning) from an investor group led by Gart Capital Partners.

“Existing GolfTEC leadership will remain in place to drive expansion and operational excellence while Gart Capital Partners will retain a minority position and continue to be actively involved in managing the partnership,” GDO officials said in a statement.

Financial terms of the deal weren’t disclosed.

GDO, which has 550 employees, previous held a minority interest in GolfTec.

GolfTEC was founded in 1995 by Clayton Cole and has about 188 golf-teaching and club-fitting locations around the world.

In October, GolfTEC was ranked the 70th-largest private company in the state by the Denver Business Journal, with 2016 revenue of $40.03 million.

A year ago, the company was ranked the 13th-largest franchiser in the state by the Denver Business Journal.

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