Augusta, GA - June 1, 2021
Today marks an important day in our history, as Club Car officially becomes a standalone company under the ownership of Platinum Equity. In April, Ingersoll Rand signed an agreement to sell the Club Car business, and the transaction has now closed.
“Since the company’s founding in 1958, it has been the dedication of our employees who have made Club Car an iconic and beloved brand, and now we have gained a valuable partner in Platinum,” said Mark Wagner, president, Club Car.
“Club Car has a long history of leadership in golf, utility and consumer low-speed vehicles, and we look forward to supporting the diverse needs of the company’s customers,” said Tom Gores, chairman and chief executive officer of Platinum Equity.
Together with Platinum, Club Car is excited by the future and ready for the drive ahead that will lead to continued growth and success.
Read the full announcement here.