While almost 25 million Americans play traditional golf on a course, the National Golf Foundation reports almost 24 million play off-course forms of the game – whether at driving ranges, golf entertainment venues like Topgolf, or in simulators such as those Full Swing produces for residential use as well as commercial and entertainment venues like Topgolf Swing Suites. In acquiring Full Swing, Bruin is betting on continued growth in golf, which has enjoyed a resurgence amid the pandemic. While financial terms weren’t disclosed, sources say the deal is for approximately $160 million. Bruin, founded in 2015 by former Nascar and IMG executive George Pyne, reached an agreement with North Castle Partners to acquire controlling interest in Carlsbad, California-based Full Swing.
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