Carl's Place Secures Investment from Merit Capital Partners and Fulton Capital
Deal News | Mar 04, 2025 | Merit Capital Partners
Merit Capital Partners has recently partnered with Fulton Capital to invest in Carl’s Place, a company founded and led by Carl Markestad, which specializes in manufacturing and distributing customizable golf simulator packages. Established in 2006 in Milton, Wisconsin, Carl’s Place has carved out a niche for itself as a prominent provider of golf simulator products, offering a wide array of proprietary branded enclosures, hitting mats, and screens, as well as other golf technology to create comprehensive solutions for both residential and commercial sectors. Joe Polaneczky from Merit Capital highlights the growth potential and unique position of Carl's Place within the golf equipment industry, marking this investment as a significant step in the company's 20-year journey. Merit has contributed both equity and subordinated debt for the investment.
Sectors
- Investment Management
- Sports Equipment Manufacturing
Geography
- United States – Carl's Place is headquartered in Milton, Wisconsin, indicating the primary geographic location of the company's operations.
Industry
- Investment Management – The article involves Merit Capital Partners, a private equity firm, investing in Carl's Place.
- Sports Equipment Manufacturing – Carl's Place is a manufacturer of golf simulator products, which places it within the sports equipment manufacturing sector.
Financials
- Not specified – Equity and subordinated debt were provided by Merit Capital in the investment, but specific figures are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Merit Capital Partners | Investor | Company | A private equity firm providing equity and subordinated debt in the investment. |
| Fulton Capital | Investor | Company | Co-investor with Merit Capital in Carl's Place. |
| Carl’s Place, LLC | Target company | Company | A leading manufacturer of customizable golf simulator packages headquartered in Milton, Wisconsin. |
| Carl Markestad | President and Founder | Person | Founder and current President of Carl's Place. |
| Joe Polaneczky | Managing Director at Merit | Person | Involved in the investment from Merit Capital Partners. |
| Alec Hutcherson | Contact for more details | Person | Point of contact for further information regarding the investment. |