OMERS Private Equity's Golf Town to sell promotional unit to Staples
Golf Town Canada Inc, a portfolio company of OMERS Private Equity, has agreed to sell its subsidiary Accolade Promotion Group (APG) to Staples Inc (Nasdaq: SPLS). The financial details of the transaction were not released. Staples said the acquisition of APG will enhance its position as a distributor of promotional products in North America and expand its offering to customers. OMERS Private Equity, the private equity investment arm of the Ontario Municipal Employees Retirement System (OMERS), bought Golf Town, a Canadian specialty golf retailer, in 2007. In 2012, the company was merged with Golfsmith International Holdings Inc.
21 April 2015•3 mins read
