L.A.B. Golf CEO Retains Role as Private Equity Acquires Majority Stake for $200M

L.A.B. Golf, a rapidly growing putter company known for its innovative 'lie angle balance' technology, has sold a majority stake to private equity firm L Catterton, backed by luxury conglomerate LVMH, in a deal valued at over $200 million. The company, which experienced an 18,000% sales increase under CEO Sam Hahn since 2018, has gained prominence on professional golf tours, notably when J.J. Spaun won the U.S. Open with a 64-foot putt using an L.A.B. putter. The putters' design reduces twisting and helps golfers maintain a square putter face for more consistent strokes, contributing to their rising popularity among both pros and amateurs. Hahn is expected to remain CEO, and the acquisition is anticipated to support further growth, especially with new models gaining traction. This transaction represents one of the most significant in the golf equipment sector since Callaway acquired Odyssey in 1997. The original founder, Bill Presse, remains involved as a shareholder and expressed satisfaction with the new ownership and future prospects.