Platinum Equity to Acquire Club Car for $1.7 Billion (

Platinum Equity will acquire Club Car, Ingersoll Rand’s golf cart business, for $1.7 billion.

The pumps and compressor manufacturer acquired its golf cart division in 1995 but is going through a series of divestitures to pay off debt and narrow its portfolio. Earlier this month, it sold a majority stake in its high-pressure solutions business for $300 million.

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