Arrowhead Engineered Products Acquires Custom Golf Supply
Minneapolis, MN – January 6, 2022 – Arrowhead Engineered Products, a global leader in aftermarket parts distribution, today announced the acquisition of Custom Golf Car Supply, under the Red Hawk golf parts division. Custom Golf Car Supply’s DoubleTake brand provides quality products and custom styling for customers seeking a unique custom build golf car with color-matched styling.
“This acquisition is an important step in our growth strategy,” said John Mosunic, CEO of Arrowhead. “The combined power of Custom Golf Car Supply’s domestic manufacturing of luxury golf car accessories and Arrowhead’s global distribution footprint and strong financial growth strategy gives dealers and consumers a wider selection of quickly available products.”
Gillet Boyce, golf vertical senior vice president, will take on responsibility for Custom Golf Car Supply as part of Arrowhead’s golf car parts and personal transportation vehicle segment. “Custom Golf’s DoubleTake brand is a natural extension of the Red Hawk family of brands including Red Hawk parts, RHOX accessories and Admiral electrical parts,” said Boyce. Custom Golf’s product line includes top-quality custom build golf cars as well as tops, body kits, headlight kits, enclosures, and rear seat kits and cushions for custom and/or color-matched styling.
“Today marks the beginning of an exciting new chapter for Custom Golf,” said Janet Martin, Custom Golf Car Supply president. “As part of Arrowhead Engineered Products, we will deliver more value to dealers with Arrowhead’s strong supply chain.”
“Custom Golf Car Supply is a strong strategic fit with a passion for providing great service to dealers and consumers,” said Boyce. “We are excited to welcome the Custom Golf team and start growing our market presence as a combined organization.”
Custom Golf Car Supply was represented by Providence Advisors LLC.
About Arrowhead Engineered Products
Arrowhead Engineered Products is the leading global engineer and omnichannel distributor of non-discretionary, proprietary branded, aftermarket replacement parts. The Company leverages data and digital capabilities to provide mission-critical parts for outdoor power equipment, powersports, specialty vehicles, agriculture, and other diverse markets. With distribution and sourcing locations in North America, Europe and Asia, Arrowhead Engineered Products employees service over 90,000 customers globally. Visit www.arrowheadepinc.com for more information.
Arrowhead Engineered Products is majority-owned by Genstar Capital, a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the industrials, financial services, healthcare, and software industries.