Topgolf, fresh off an agreement to be acquired by private-equity firm Leonard Green & Partners, announced plans to open its newest venue in New Braunfels, TX, marking its 100th U.S. location and 112th globally.
The venue, opening on Friday, December 5, has 62 outdoor climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables for socializing.
Erin Chamberlin, Topgolf chief operating officer and interim president at Topgolf, said “Opening our 100th U.S. venue in New Braunfels is more than a milestone; it’s a celebration of the fun, energy and innovation that makes Topgolf unlike any other entertainment experience out there. We’re excited to mark this momentous occasion in the community of New Braunfels and grow our loyal Player base for years to come.”
Austin Alvis, NewQuest president and chief development officer, said, “The grand opening of Topgolf is a significant milestone that we have eagerly anticipated for many years. With this addition, Creekside’s development is reaching its final development stages, and we are confident that it will greatly benefit our community for years to come. We extend our heartfelt gratitude to the entire Topgolf team and the City of New Braunfels for their collective efforts and unwavering belief in the positive impact this development will have on Creekside and the surrounding community.”
Leonard Green agreed to acquire 60 percent of Topgolf at a valuation of $1.1 billion, with the deal also including the Toptracer driving range technology platform.
Upon completion of the transaction, Topgolf Callaway Brands will change to Callaway Golf, hold a 40 percent stake in Topgolf and receive net proceeds of approximately $770 million at closing, subject to standard purchase price adjustments. Callaway will be in its marketing agreements with Topgolf, including supplying the TravisMathew brand to Topgolf staff and serving as Topgolf’s exclusive equipment provider.
Topgolf Callaway expects the transaction, which was unanimously approved by its Board of Directors, to close in the first quarter of 2026
Image courtesy Topgolf
