Who Owns Callaway Golf? Current Owner Revealed

By Sarah Miller · January 12, 2041

Callaway Golf is owned by Topgolf Callaway Brands Corp., a publicly traded company formed from the merger of Callaway Golf Company and Topgolf Entertainment Group in 2021. The company operates under the NASDAQ ticker symbol MODG and maintains global leadership in golf equipment, apparel, and entertainment experiences.

Corporate Ownership and Structure

Callaway Golf, once an independent manufacturer of golf clubs, balls, and accessories, is now a subsidiary of Topgolf Callaway Brands Corp. This strategic combination brought together two major forces in the golf industry: Callaway’s dominance in performance equipment and Topgolf’s innovative approach to golf entertainment.

Key Facts About Topgolf Callaway Brands Corp.

Founded as Callaway Golf Company in 1952 by Ely Callaway
Merged with Topgolf in June 2021 to form Topgolf Callaway Brands Corp.
Headquarters: Carlsbad, California, USA
Publicly traded on NASDAQ under MODG
Owns multiple brands including Callaway, Odyssey, TravisMathew, and Topgolf

Historical Evolution of Callaway Golf Ownership

Understanding who owns Callaway Golf today requires a look at its corporate evolution over decades.

Founding and Early Growth (1952–2000s)

Ely Callaway founded Callaway Golf in 1952 after a successful career in the textile and wine industries. His vision was to apply advanced engineering and materials science to golf club design. The launch of the Big Bertha driver in 1991 revolutionized the market and cemented Callaway’s position as an innovation leader.

Public Listing and Expansion (1992–2021)

Callaway Golf went public in 1992 (NYSE: ELY). Over the next three decades, it acquired several key brands:

Odyssey (putters) – acquired in 1997
Ben Hogan – acquired in 1998 (later sold in 2017)
OGIO (lifestyle bags) – acquired in 2010
TravisMathew (premium apparel) – acquired in 2018

These acquisitions diversified Callaway’s product portfolio beyond clubs into full golf lifestyle offerings.

The Merger with Topgolf (2021)

In June 2021, Callaway completed a reverse merger with Topgolf Entertainment Group, creating Topgolf Callaway Brands Corp. The deal was valued at approximately $2 billion and aimed to blend traditional golf equipment with modern, tech-driven entertainment.

Year	Event	Financial Value	Ownership Change?
1952	Callaway Golf founded by Ely Callaway	N/A	Yes
1992	IPO on NYSE (ELY)	$60M raised	Partial public ownership
2018	Acquired TravisMathew for $140M	$140M	No
2021	Merged with Topgolf; new entity MODG	$2B valuation	Yes
2024	Market cap of MODG	$3.8B	No

Table data source:1, 2, 3

The table highlights key milestones in Callaway Golf's ownership history. The 2021 merger marked the most significant shift, transitioning from a pure-play equipment company to a diversified golf lifestyle and entertainment brand. As of 2024, the combined entity holds a market capitalization of $3.8 billion, reflecting investor confidence in its hybrid business model.

Brand Portfolio Under Topgolf Callaway Brands Corp.

Today, Callaway operates as one of several core brands under the parent company. The portfolio includes:

Callaway: Premium golf clubs, balls, and gear
Odyssey: Leading putter brand
TravisMathew: High-end men’s and women’s golf apparel
Topgolf: Global entertainment venues with tech-enhanced driving ranges
Jack Wolfskin: Outdoor apparel (acquired in 2023)

This multi-brand strategy allows the company to capture value across different segments of the golf and outdoor recreation markets.

Leadership and Governance

The current executive leadership team shapes the direction of Callaway and its sister brands. As of 2025:

Chip Brewer – CEO of Topgolf Callaway Brands Corp.
Mark King – Former CEO, instrumental in early innovation
Board of Directors includes executives from both legacy Callaway and Topgolf teams

The governance structure ensures alignment between equipment innovation and experiential growth strategies.

Frequently Asked Questions About Callaway Golf Ownership

Who currently owns Callaway Golf?

Callaway Golf is owned by Topgolf Callaway Brands Corp., a publicly traded company listed on NASDAQ under the ticker MODG. The merger between Callaway and Topgolf in 2021 created this unified entity that now oversees all operations.

Is Callaway Golf still an independent company?

No, Callaway Golf is no longer independent. It became part of Topgolf Callaway Brands Corp. following the 2021 merger. While the Callaway brand remains distinct in marketing and product development, it operates as a division within the larger corporation.

What happened to the original Callaway Golf Company?

The original Callaway Golf Company merged with Topgolf Entertainment Group in 2021. The surviving legal entity adopted the name Topgolf Callaway Brands Corp. and shifted its stock listing from NYSE:ELY to NASDAQ:MODG. All assets, trademarks, and operations were integrated under the new structure.

Does Callaway own any other golf brands?

Yes, through Topgolf Callaway Brands Corp., Callaway oversees several subsidiaries including Odyssey (putters), TravisMathew (apparel), and previously Ben Hogan. The company uses these brands to serve different customer segments while maintaining operational synergy.

Can I buy stock in Callaway Golf?

You can invest in Callaway Golf by purchasing shares of Topgolf Callaway Brands Corp. (NASDAQ: MODG). The stock is available through most brokerage platforms. Investors gain exposure to both the equipment business (Callaway, Odyssey) and the entertainment segment (Topgolf).