PRLog - Feb. 12, 2015 - CHICAGO -- Gage Investment Group (“Gage Investment”), a special situations investment firm, announced the acquisition of the assets of Wittek Golf Supply Co., Inc. (“Wittek”). Gage Investment purchased the assets from the bank, forming a new company, P.W. Golf Supply.
Founded in 1946, Wittek is the leading distributor of golf equipment and supplies to owners of driving ranges, golf courses, miniature golf courses and golf shops. Located in Northbrook, IL, it is the exclusive range equipment supplier to PGA golf properties.
Overseeing the acquisition was J. Tim Pruban, Managing Partner of Gage Investment. “We are excited about this opportunity and look forward to growing the current customer base, while continuing to provide efficient customer service as P.W. Golf Supply.”
About Gage Investment Group
Gage Investment Group is a special situations investment firm that supports financially or operationally troubled companies by providing debt and equity investments. Additionally, Gage Investment purchases sub-performing, or non-performing loans from banks and other financial institutions. Diverse industry knowledge combined with extensive experience with corporate restructuring and distressed debt situations enables Gage Investment to quickly evaluate and develop solutions for both corporate and portfolio opportunities.
For additional information about Gage Investment Group, visit www.gageig.com, or call 773-724-2082.
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Gage Investment Group Acquires the Assets of Wittek Golf Supply Co., Inc
February 12, 2015 at 11:05 AM EST
