Corbel Capital Partners acquires Motocaddy from ETHOS Partners

US private equity firm Corbel Capital Partners has acquired Motocaddy, the electric golf trolley brand, from ETHOS Partners, which had owned the company. The value of the deal was not disclosed.

Motocaddy says that under ETHOS Partners it more than doubled revenue and EBITDA, driven by investment in product development, technology, sales infrastructure and distribution, particularly in the US. Under Corbel, the business will build on its base in the UK, Ireland and Europe and pursue growth in North America, Australia and other markets. Chief executive John Helas and chief financial officer Richard Inglis will join the new board, and the existing management team stays in place.