
PING is owned by Karsten Manufacturing Corporation, a private, family-owned American company headquartered in Phoenix, Arizona. Norwegian immigrant Karsten Solheim founded the company in 1959 after designing a putter in his garage, and the Solheim family has controlled it for three generations. PING designs and manufactures golf clubs, bags, and apparel, with estimated annual revenue of $500 million to $700 million and one of the strongest custom-fitting operations in golf.
Parent Company
Founded
1959
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| PING | Karsten Manufacturing Corporation | Wholly owned |
Karsten Solheim was a Norwegian immigrant working as an engineer at General Electric when frustration with his own putting drove him to design a better putter in 1959. His prototype produced a distinctive "ping" sound on contact, which gave the brand its name. He built the first PING 1A putters in his garage in Redwood City, California, with his wife Louise handling orders and youngest son John helping assemble them.
When GE transferred Solheim to Phoenix in the early 1960s, the family kept building putters around his day job until 1967, when professional wins, most visibly Julius Boros's PGA Tour victory, convinced him to commit to the business full-time. Karsten Manufacturing Corporation incorporated in Phoenix and became the formal home of the brand.
Solheim's engineering instincts produced a string of category-changing designs. Perimeter weighting, distributing mass to the edges of the clubhead for forgiveness on off-center hits, debuted in PING irons and remains fundamental to club design. The Anser putter, introduced in 1966, became the most copied putter shape in golf history. Custom color-coded fitting, matching club specifications to individual golfers, turned PING into the industry's fitting pioneer.
The company expanded into irons, drivers, bags, and apparel through the following decades. Iconic lines included the PING Eye2 irons (1982), whose square grooves briefly triggered a famous legal fight with the USGA over groove rules, resolved in 1990 with the existing clubs grandfathered.
Karsten Solheim died in 2000. His son John A. Solheim took over as chairman and CEO, and the third generation, John K. Solheim, now serves as president. Recent years brought the G410, G425, G430, and G440 product families, continued tour staff success, and investments in the Phoenix manufacturing campus, including expanded putter production and the famous Gold Putter Vault holding commemorative replicas for every professional win with PING equipment.
In 2024 and 2025 the brand refreshed its product line across the G440 driver and iron families while deepening its custom-fitting network of more than 3,000 authorized fitters worldwide.
No. Karsten Manufacturing Corporation is a private company owned entirely by the Solheim family. It has never issued public stock and operates essentially without debt.
Karsten Solheim founded the company in 1959, building putters in his Redwood City, California garage before relocating operations to Phoenix, Arizona, where the company remains headquartered.
The Solheim family owns the company outright. John A. Solheim, son of founder Karsten Solheim, serves as chairman and CEO. His son John K. Solheim is president and expected successor.
The company does not publish financial statements. Industry estimates place annual revenue between $500 million and $750 million, generated entirely through PING golf equipment sales.
The company is headquartered in Phoenix, Arizona, USA, operating from a campus along Interstate 17 that houses engineering, assembly, and corporate functions.
The company operates one brand: PING, covering golf clubs, bags, and accessories. Unlike multi-brand competitors, all resources support the single PING name.
Karsten Manufacturing holds no B Corp or comparable certifications. The company has invested in employee welfare programs historically cited as progressive for manufacturing, including long-tenure benefits and on-site health resources. Its durability-focused design philosophy, building clubs to last through multiple fitting cycles, reduces replacement consumption relative to fast product-cycle competitors, though this is product strategy rather than certified sustainability.
PING clubs consistently earn top honors in independent testing, including MyGolfSpy's Most Wanted rankings across driver, iron, and putter categories and Golf Digest Hot List gold medals for multiple product lines. The brand's Anser putter is widely regarded as the most influential club design in golf history. Karsten Solheim was inducted into the World Golf Hall of Fame in 2001, and the Solheim Cup team competition honors the family's contribution to the women's game.
The most significant controversy in PING history was the 1980s square groove dispute, when the USGA ruled the PING Eye2 iron's U-shaped grooves non-conforming. PING sued, and the 1990 settlement allowed existing clubs to remain legal while the company adopted conforming grooves. The fight cemented the brand's reputation for defending its engineering.
In 2010, a new USGA groove rule forced PING to remove the Eye2 wedges' grandfathered status from tour play, a decision the company challenged through advocacy rather than litigation.
No major product safety recalls or labor scandals are on record for the company.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Dicks Sporting Goods | USA | 1997 | Mass market | United states | All Genders | |
| Costco | USA | 2016 | Mass market | United states | All Genders | |
| Centroid Investment Partners | USA | 1979 | Premium | Global | Unisex |
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Market Positioning: PING competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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