cota intends to host certain motorsports events, musical events (concerts and music festivals in Los Angeles, CA 90067 Office - 310 550 4000. Golf clubs featured include West Lake Country Club (Augusta, Georgia), Heathrow Country Club (Orlando, Florida) and MacGregor Downs Country Club (Raleigh, North Carolina). Whether youre the head planner of your upcoming buddies golf trip or simply along for the ride, weve gathered a few easy ways to keep everyone in your group happy. Concert Golf owns 20 such clubs nationally, including former developer-owned clubs and longtime member-owned clubs . It was the first acquisition since the Newport Beach, Calif. company acquiredFountains Country Club in Lake Worth, Fla., earlier this year. All rights reserved. We look forward to working with them to continue to enhance our offerings for current members and adding additional properties to our portfolio. The owners poured millions of dollars into the club, creating a new swimming pool complex, renovating the entire golf course, rebuilding a dam, and laying new cart paths on the course. Started in 2010 by former Arnold Palmer Golf Management founder Peter Nanula, the company focuses on premier private clubs in major metropolitan areas, making significant all-cash investments and upgrades while changing their business model to for-profit. The clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. Concert Golf has now acquired 4 private clubs in 4 months, with another club acquisition scheduled to close in the next 30-60 days, according to a press release. The acquisition adds another Jack Nicklaus Signature course (Sagamore Club) and a highly-ranked Arnold Palmer design (Players Club) to Concert Golfs collection of upscale private clubs, which now numbers 25. GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Get the latest Bi-Weekly Golf Business Viewpoints. Cons I wish Concert Golf Partners could a better benefit package. . Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Most importantly, all are operating profitably and generating significant cash annually for additional future capital projects, while providingexceptional member experiences and building vibrant communities. It is blessed with 27 holes of championship golf. The company, which owns and operates 29 private golf and country clubs across the United States, launched their Concert Cares initiative to aid with repairs and restoration. By clicking Accept, you consent to the use of ALL the cookies. Concert Golf Partners acquires two more private clubs, 1-877-Golf Inc |3544 E. 17th Street, #201 Ammon, ID 83406, GreatLIFE Golf adds five management deals to its portfolio, Hyderabad Golf Club approves Richardson | Danner renovation plan, Fripp Island Golf & Beach Resort in South Carolina acquired by Seascape Hospitality Group, PGA Show returns with more attendance and enthusiasm, BigShots Golf announces plans for four new locations, New year, new course: making adjustments for convenience and speed, Golf Inc. 2023 Visionaries: Bill Coore and Ben Crenshaw, Access Our Golf Management Company Directory. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Prominent St. Louis Family Chooses Concert Golf As Successor for Their 36-Hole Private Club, Whitmoor Country Club, Concert Golf Partners and Its Members Donate Thousands in the Wake of Hurricane Ian. Recapitalizing Private Clubs for Long Term Success. Co-Founder, Chairman & Chief Executive Officer, Youre viewing 4 of 10 executive team members. Golf Club Faces Class Action Lawsuit. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Chief Editor, Rob Thomas is based in Cleveland, Ohio. Hybrid remote in Michigan. Concert Golf is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. Win whats next. In a November 1, 2021 ruling, Judge Andrea McHugh, a Florida circuit court judge . The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Site Map | Privacy Policy | RSS, Club + Resort Talks Podcast Features Greg Gilg from Field Club of Omaha, 2023 Club + Resort Business Leaders in the Club Industry, 2022 C+RB Leaders in the Club Industry Winners. 1922 In 1922, the Club ushured in a new era of golf exhibitions, staging events that featured the world's best golfers. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. Larry Smith and Mike Vallencourt shot 10-under-par 62 at Eagle Harbor last week to win the Jacksonville Area Golf Association Fall Four-Ball, beating two teams tied for second by four shots. It is as special to us as it is to you., After numerous visits by the owners and Jeff Strahl to several Concert Golf clubs and after spending hours conversing with members and staff about their experience with Concert Golf, the owners reported back to the membership, Every club was different, and Concert Golf prides themselves on retaining the uniqueness and culture of each club. Clearlake originally invested in Concert Golf in partnership with the founding management team in April 2022.Since Clearlake's investment, Concert Golf has welcomed several new private clubs to . Up to $200,000 a year. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The money will go primarily to the First Coast YMCA Tiger Academy Charter School and Johnson Family YMCA Teen Forward Program. Employment Service Interviewer 9-E10. Operator of golf properties focused on investing and upgrading private clubs across the United States while maintaining each club's cherished and distinct culture. 2023 Concert Golf Partners. Lake Mary, FL and Santa Monica, CA - April 21, 2022 - Concert Golf Partners ("Concert Golf," "CGP" or the "Company") announced today that it has received an investment from Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"). He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. The clubs were purchased in an all-cash transaction that closed in four months. The club has recently achieved the elusive member waitlist and had a record year financially with well over $10 million of annual revenues. We also use third-party cookies that help us analyze and understand how you use this website. The company is a boutique owner-operator of private golf and country clubs, funded on a debt-free basis and operated by a team on behalf of the members, enabling partners to upgrade amenities and facilities while preserving and enhancing their clubs for the long term. For more information about Concert Golf Partners, visit www.concertgolfpartners.com. This website uses cookies to improve your experience while you navigate through the website. We didnt intend to get rich off the club; we wanted to keep it afloat and help preserve home values in the neighborhood, Mark Oman told Glen Oaks members last month. "We look forward to supporting Peter, Susan, and the broader Concert Golf team as they leverage access to additional capital to execute on their strategy at a greater scale.". After thoroughly vetting Concert Golf, Oman told members We believe Concert Golf provides a longer-term and more secure future for Glen Oaks than we could provide.. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. 129 jobs. Copyright 2023 WTWH Media, LLC. Concert Golf Chairman Peter Nanula informed members of the 16 clubs that would have been sold to ClubCorp that "the fit just wasn't right." Nanula added that his firm would now refocus on "adding more fine clubs to our boutique portfolio." Clubs owned by Newport Beach, Calif.-based Concert Golf Partners have been informed by Concert's In a press release, Concert Golf vice president said the group intends to invest $7 million into the club "in the coming years.". Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The possible sale had surprised many in the industry because of Concerts business model. The Marsh Landing Country Club has changed hands and, in a sense, the property has come full circle. Concert Golf Partners acquired MacGregor Downs Country Club, a historic private country club in Cary, North Carolina for $3.4 million. The golf club closed in 2017. Concert Golf Partners of Lake Mary made Marsh Landing its 28th private club acquisition with its purchase of the Ponte Vedra Beach gated-community, private club, built in 1982and designed by the late Ed Seay of Palmer Course Design. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. All Concert Golf Partners clubs were previously developer- or member-owned clubs. Type above and press Enter to search. from 8 AM - 9 PM ET. This is a great time for club owners to sell, and we are honored to have been selected as the next long-term stewards of these two great clubs, Nanula said. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Dismal River Golf Club Facebook page . 07/12/2022 Concert Golf has acquired another club, this time The Ranch Country Club in Denver. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. 1-877-Golf Inc |3544 E. 17th Street, #201 Ammon, ID 83406, GreatLIFE Golf adds five management deals to its portfolio, Hyderabad Golf Club approves Richardson | Danner renovation plan, Fripp Island Golf & Beach Resort in South Carolina acquired by Seascape Hospitality Group, PGA Show returns with more attendance and enthusiasm, BigShots Golf announces plans for four new locations, New year, new course: making adjustments for convenience and speed, Golf Inc. 2023 Visionaries: Bill Coore and Ben Crenshaw, Access Our Golf Management Company Directory. All Rights Reserved. This includes upgrades to golf course aprons, green and tee complexes and irrigation system; renovating the member bar and grill; and some additional clubhouse remodeling. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. Golf clubs featured include West Lake Country Club (Augusta, Georgia), Heathrow Country Club (Orlando, Florida) and MacGregor Downs Country Club (Raleigh, North Carolina). New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. Baird served as lead financial advisor to Concert Golf Partners, and Eastdil co-advised the Company. C+RB reported on the transaction at the time. Moelis served as financial advisor to Clearlake. About Concert GolfConcert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. The new owners ultimately promoted head chef Jeff Strahl to General Manager and CEO, an unusual move in the club industry and a recognition of Glen Oaks focus on culinary excellence. . Glen Oaks CC Acquired by Concert Golf Partners By Rob Thomas | January 6, 2022 The West Des Moines, Iowa club was purchased by a group of members in 2010 and underwent a series of renovations, including a multimillion-dollar modernization of the 48,000-sq. Instruction & Academy Rules of Golf and Etiquette Swing Videos and Comments Classifieds & ProShops . Press Esc to cancel. In the 1990s, the developer handed the reins to the members, whose rotating board of part-time volunteers struggled to agree on funding necessary capital improvements and a consistent vision for the club. Communications and Member Relations Coordinator. Site Map | Privacy Policy | RSS, Club + Resort Talks Podcast Features Greg Gilg from Field Club of Omaha, 2023 Club + Resort Business Leaders in the Club Industry, 2022 C+RB Leaders in the Club Industry Winners. Aside from the most exclusive clubs in America, many private clubs have at some point encountered challenges with either taking on too much bank debt, battling with a golf management company, or trying to self-fund and self-govern as a member-owned club. ClubCorpacquired Brookstone Golf & Country Club, in Acworth, Ga. in July. Local Main: 561.744.6006, 2023 NGF.org. Concert Golf Partners has had a significant impact on the industry, building an investment portfolio of about 30 private clubs spanning from Boston to Denver. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Follow him on Twitter (@AmGolferBlog) and listen to him on the Club + Resort Talks podcast. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. The sale price was not disclosed, but the. In addition to all Concert Golf Partners properties, our members have access to over 600 properties worldwide through our partnerships with The Executive Golfer and Links2Golf. Fountains Country Club is a friendly club serving as our . Concert Golf Partners. $45K-$50K Per Year (Employer est.) "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. Former University of Florida football coach Doug Dickey had a good week at the San Jose Country Club last week. Marsh Landing was originally developed by Paul and Jerome Fletcher and had been ownedby Chester Stokes. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. MITCHELLVILLE, Md., Oct. 28, 2022 /PRNewswire/ -- After a hiatus of 50 years, Howard University's golf team has returned to the campus and Concert Golf Partners has joined the likes of NBA. So, Glen Oaks partnered with a large golf management company under a ground lease arrangement, hoping to benefit from their industry expertise. CGP takes a long-term investment . Around 92 percent of the 800 homeowners approved the sale. Experience Concert Golf Partners May 2012 - Present Heathrow Country Club April 2012 - Present Orange County National Golf Center and Lodge January 2008 - May 2012 L.B. NEWPORT BEACH, CALIF. (August 26, 2019) Concert Golf Partners (CGP) announced that it has secured $100 million in new equity for additional investments in private golf and country clubs through funds managed by Blackstone. Gaillarda CC is the premier private club in Oklahoma City, with an 18-hole Tom Kite-redesign thats the centerpiece of a luxurious 600-acre residential community. Concert Golf is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. Chairman and CEO Peter Nanula and. Our members not only enjoy the manor's elegant interior and staffed fitness center, but also 5 Har-Tru clay tennis courts, an over-sized pool, kid's playground, and an 18-hole golf course that offers an abundance of play for men and women alike. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF Golf Sims/GPS/RFs/Apps Putters Golf Style and Accessories The Club House . . Concert Golf Partners. The Plantation Golf and Country Club's recent sale will wipe out millions in debt for members. These new investors will supplement the capital provided by CGPs current funding sources. "Our investment in the Company highlights our thesis around tailwinds in the golf and broader leisure markets, and we look forward to partnering with Concert Golf to leverage our O.P.S. framework to enhance and add to the offerings of this exciting platform. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. 14 May 2022 in second hand snowshoes for sale near hamburg No Comments 0 . ", "Concert Golf's value-added approach to operating clubs, combined with its operating expertise, has positioned the Company well to bring its best practices to new locations and enhance the experience for private club members," added Dilshat Erkin, Senior Vice President at Clearlake. Author: rocketreach.co Published Date: 10/31/2021 Review: 4.7 (255 vote) Summary: Concert Golf Partners is an Investment Banking, Leisure Facilities, and Finance company located in Newport Beach, California with $584.00 Million in revenue Matching search results: About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private . These cookies ensure basic functionalities and security features of the website, anonymously. More information about concert GolfConcert Golf Partners could a better benefit package the Ranch Country in. Owns 20 such clubs nationally, including Former developer-owned clubs and longtime clubs..., Calif. company acquiredFountains Country Club, a historic private Country Club has achieved... Current issue and archived issues of Club & # x27 ; s recent sale will wipe out in... Security features of the website, anonymously were purchased in an easy-to-use high-quality! 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