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Plano-based golf club manufacturer and distributor Adams Golf has acquired Yes! Golf out of bankruptcy for $1.65 million.
Adams Golf said Wednesday it submitted the winning bid to buy Denver-based Progear Holdings, which operates as the Yes! Golf brand, and related assets.
Through the acquisition, Adams Golf will acquire Yes! Golf brand’s patented putter technology designs.
Both firms will be merged into Adams Golf’s headquarters in East Plano.
Yes! Golf historically has reported annual revenue between $2.4 million and $10.2 million.
“We have been looking for an attractive avenue into the putter market for some time and believe the Yes! Golf brand and technology platform provides us just such an opportunity,” said Chip Brewer, president and CEO of Adams Golf.
Bubba Watson won the Zurich Classic on Sunday for his second PGA Tour victory of the year and third overall, holing a 3-foot birdie putt on the second hole of a playoff with Webb Simpson.
Now let’s see what was in his bag during the tournament.