Exclusive financial advisor to Arrowhead Engineered Products, Inc.

KPMG Corporate Finance LLC acted as exclusive financial advisor to Arrowhead Engineered Products, Inc.

KPMG Corporate Finance LLC (KPMG CF) is pleased to announce Arrowhead Engineered Products, Inc. (Arrowhead), a global leader in aftermarket parts distribution and portfolio company of Genstar Capital (Genstar), has successfully completed the acquisition of Custom Golf Car Supply.

The acquisition of Custom Golf Car Supply was completed under Arrowhead’s 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. Its 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.

“This acquisition is an important step in our growth strategy,” said John Mosunic, chief executive officer 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.”

In commenting on the transaction, Gillet Boyce, Golf Vertical senior vice president, said, “Custom Golf Car Supply is a strong strategic fit with a passion for providing great service to dealers and consumers. We are excited to welcome the Custom Golf team and start growing our market presence as a combined organization.”

In September 2021, KPMG CF successfully advised the shareholders of Red Hawk on their sale to Arrowhead, which marked Arrowhead’s strategic entry into the aftermarket golf car parts wholesale and distribution space.

Arrowhead Engineered Products

Arrowhead Engineered Products is the leading global engineer and omnichannel distributor of nondiscretionary, proprietary branded, aftermarket replacement parts. Based in Blaine, Minnesota, Arrowhead has established locations in the United States, Canada, Europe, Asia, and South America.

KPMG Corporate Finance LLC

The global Corporate Finance practice of the KPMG International network of independent member firms was ranked number 1 as the top M&A middle‑market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.

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KPMG Corporate Finance LLC

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Stephen Guy

Managing Director, KPMG Corporate Finance LLC

+1 443-946-9789

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