Newton Golf Company Appoints Ryan Stearns as CFO to Drive Financial Growth
Portfolio - People | Jan 06, 2025 | EIN
Newton Golf Company, listed on Nasdaq as SPGC, has announced the appointment of Ryan Stearns as their new Chief Financial Officer (CFO). Stearns brings over 20 years of financial management experience, particularly in mergers and acquisitions, capital funding, and financial process optimization. He will be responsible for overseeing the company's financial strategies during its global expansion phase. Previously, Stearns successfully held financial leadership positions in sectors like healthcare, fintech, and life sciences, demonstrating his capability to secure financing and manage organizational growth effectively. Under his leadership, the company aims to enhance its brand recognition and expand its product lines further. Newton Golf, recognized for its innovative golf products, recently expanded its manufacturing capabilities and is poised for future growth through possible mergers, acquisitions, or internal developments.
Sectors
- Golf Equipment Manufacturing
- Technology
- Corporate Finance
Geography
- United States – Newton Golf is based in the United States and has plans to expand its manufacturing capabilities domestically.
- Japan – The company sells products in Japan, indicating its international market reach.
- South Korea – South Korea is also a market for Newton Golf’s products, demonstrating its international distribution strategy.
Industry
- Golf Equipment Manufacturing – Newton Golf is primarily engaged in the production and innovation of golf equipment, including putters, shafts, grips, and accessories.
- Technology – The company emphasizes a technology-forward approach in its product development, incorporating advanced materials and designs.
- Corporate Finance – Ryan Stearns’ expertise in mergers and acquisitions and financial strategy is central to Newton Golf’s growth plans.
Financials
- $130 million – The amount of financing Ryan Stearns secured in a previous role as CFO of a professional consulting firm.
- $12 million to $500 million – The growth in valuation Stearns achieved at a life sciences company from startup to substantial growth.
- $185 million – The acquisition value managed by Stearns during his tenure at a large business service company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NEWTON GOLF Company | Company | Target Company | A technology-forward golf company with a growing portfolio of golf products. |
| Ryan Stearns | Chief Financial Officer | Person | Recently appointed CFO at Newton Golf, with extensive experience in financial management, M&A, and capital raising. |
| Greg Campbell | CEO | Person | CEO of Newton Golf, who highlighted the importance of Stearns' role in the company's expansion. |
| Sacks Parente | Parent Company | Company | Newton Golf is part of Sacks Parente, specializing in golf-related technologies. |