Clubhouse Golf, one of the UK’s largest independent online golf equipment retailers, has been sold to all4golf, a German-owned e-commerce golf business, for an undisclosed sum.
The deal provides an exit for Foresight Group, an investment company which supports small businesses in the North West of England and North Wales, which first invested in Clubhouse Golf in February 2017.
Since Foresight made its original investment, the company has more than doubled revenues to almost £30m, with strong growth in the UK and a successful expansion into the European market. The size of the workforce has also increased by 50 per cent.
Ben Reeves, chief executive of Clubhouse Golf, said: “Foresight has supported Clubhouse on its journey to become the UK’s leading online retailer for golf enthusiasts. We’ve exceeded our own expectations and couldn’t be happier with the help and guidance we’ve received from Foresight. We are excited to be partnering with All4golf for the next part of our journey. Its industry knowledge and experience will be invaluable.”
Matthew Pomroy, senior investment manager at Foresight’s Manchester office, added: “Clubhouse is a fantastic example of a local family business that has delivered outstanding growth. It has been a pleasure working with the management team and we wish them every success for the future with All4golf.”
Founded in 2005 by Reeves’ father Paul, a former professional golfer, Clubhouse Golf has 45 staff and stocks more than 5,000 golf products at its Irlam-based warehouse, ranging from the latest clubs and clothing to accessories and training aids.