Deal Scoop: Mustang Group Acquires Golf Car Distributer
The Mustang Group is banking on stability in the golf industry and growth opportunities with its latest investment. The Boston-based firm led a buyout of Country Club Enterprises, a company that distributes golf cars to golf courses in New England, the firm disclosed to peHUB sister publication, Buyouts. Managing Partner Ben Coes said the deal came in under $100 million in enterprise value, but declined to discuss specifics. CEO David Farina and The Gladstone Companies, a McLean, Va.-based investment firm, invested alongside Mustang. Gladstone also provided sub-debt and TD Banknorth NA provided senior debt. The Wareham, Mass.-based company employs 50.
19 March 2009•2 mins read
