Augusta, GA
Textron plans split that could spin off Augusta’s E‑Z‑GO | Exclusive
The Augusta-based manufacturer of one of the world’s leading brands of golf carts could split from parent company Textron by the end of 2027.
Textron has announced its intention to concentrate its aerospace and defense subsidiaries into a separate company called New Textron, including Textron Aviation, Textron Systems, and Bell, a brand that produces military-grade helicopters and tiltrotor aircraft. It also oversees general aviation brands Cessna and Beechcraft.
Textron Specialized Vehicles is part of the company’s Industrial segment, which expects more than $3 billion in 2026 revenue. TSV properties include E-Z-GO golf carts; PACE Technology, which manufactures global positioning systems customized for golf courses; Jacobsen, a producer of turf maintenance equipment; and TUG Technologies, which makes airport ground support equipment such as baggage tractors.
“This planned separation creates greater clarity and focus for both businesses,” Textron CEO Lisa M. Atherton said in a statement. “New Textron will move forward as a pure-play aerospace and defense company positioned for higher growth, while Industrial gains the independence to pursue strategies aligned with its distinct strengths — unlocking long-term value for all stakeholders.”
The company “intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company,” according to Textron.
Textron said in its April 30 first-quarter earnings call to stockholders that it estimates the complete corporate separation to occur within 12 to 18 months, implying Halloween 2027 at the latest.