In each course they have added to their portfolio, Concert Golf Partners has been able to gradually increase membership rosters, invest in new capital improvements, and improve levels of service and course conditions. Concert Golf Partners sale of Legacy Golf Resort in Phoenix, Ariz for a reported $16 million to Molson Properties marks the first time the buyer has sold a course. The Marsh Landing Country Club has changed hands and, in a sense, the property has come full circle. Marsh Landing was originally developed by Paul and Jerome Fletcher and had been ownedby Chester Stokes. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. Analytical cookies are used to understand how visitors interact with the website. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. by. 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. It turned to Concert Golf Partners, which had acquired MacGregor Downs Country Club in nearby Cary, North Carolina in 2014. Bob Pulver was involved in the original developer group and was the clubs first Chairman of the Board in 1994. Club members have seen the consistent success at their clubs with fresh investments and improved services, and we are fortunate to have multiple sources of capital for funding new clubs as well as some exciting improvements at our current clubs, Nanula added. Concert Golf Partners, a boutique owner-operator of 25 private golf and country clubs, was formed by CEO Peter Nanula, the CEO of Arnold Palmer Golf Management in the 1990s. Corporate Headquarters: Lake Mary, Florida, Website: https://www.concertgolfpartners.com/, Susan Dunnavant Chief Operating Officer, Sundria Ridgley, SVP General Counsel & Corporate Secretary. The cookies is used to store the user consent for the cookies in the category "Necessary". 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 . In addition, a key factor in all of Concerts membership agreements is a contractual obligation that members will never be assessed or experience a surprise rise in their club dues. Members are pleased with . CGP takes a long-term investment approach, seeking to deploy capital to upgrade ameniti es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. Indian Wells operator in talks to acquire Philmont, other golf clubs, company chief says The negotiations come barely a year after Philmont was acquired by Concert and about nine months after New York-based buyout firm Apollo Global Management agreed to acquire ClubCorp of Dallas for $1.1 billion. Privacy Policy | Cookie Policy After what he called a "bad drive," he holed out with a 5-wood. More information is available at www.clearlake.com and on Twitter @Clearlake. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. So, Glen Oaks partnered with a large golf management company under a ground lease arrangement, hoping to benefit from their industry expertise. Fast forward to 2021, Oman told the membership, When we bought Glen Oaks in 2010, we never had an exit strategy. 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. In 1906, Mr. Ellis Gimbel and several of Philadelphia's captains of commerce and industry came together to form a country club dedicated to golf, baseball, tennis, and the pursuit of happiness through social interaction. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. Concert Golf Partners Presents Check to World Central Kitchen Thanks to the Concert Cares initiative, the holidays were a bit brighter for those continuing to recover from the storm.. Concert Golf bought the club in a consensual transaction initiated by its 600 members, who were seeking capital for immediate and long-term improvements and stable ownership with professional management. It does not store any personal data. 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. For more information about Concert Golf Partners, please visit concertgolfpartners.com. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. The facility's clubhouse recently has been remodeled, Greg Whittaker said in a statement. Concerts members enjoy free reciprocal privileges at the companys other upscale clubs along with discounted access to 400+ other TPC clubs and Pacific Links International properties. Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. ", "We are excited to work with our new investor partners at Clearlake, and we look forward to growing the club portfolio with our management team," added Ms. Dunnavant. (1.888.275.4643) About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. The investment group included Mark and Jill Oman, Ron and Ruth Pearson, and Robert and Deb Pulver, all of whom lived in Glen Oaks, a gated West Des Moines community that was developed in the early 1990s. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. For most golfers, the idea of an in-home golf simulator is nothing more than a fantasy. Likewise, a superintendent should perform frequent diagnostic testing on their golf course. 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 . Concert is owned by Peter Nanula and several partners and funded by wealthy individuals who, according to Nanula, "invest for the long term." Last year, he said he had $150 million to spend with no plans to dispose of any properties. This cookie is set by GDPR Cookie Consent plugin. They never assessed the members, and they never took any money out of the club. It was the first acquisition since the Newport Beach, Calif. company acquiredFountains Country Club in Lake Worth, Fla., earlier this year. Our group is an all-cash investor in country clubs; we do not use debt to finance these investments because we think top-notch golf clubs benefit from the stability and certainty that comes from long . The senior center is managed by the St. Johns Council on Aging, which operates five senior community centers and other services such as Meals on Wheels. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Chris Wegner, PGA General Manager (215) 947-1271 x107 cwegner@philmontcc.org Aaron Hanna, Head Golf Professional (215) 947-1271 x111 [email protected] Mason Stewart, Membership Director 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. We look forward to working with them to continue to enhance our offerings for current members and adding additional properties to our portfolio. Nick Oxford for The New York Times. Here's a list of some of the top trending technologies and APIs used by Concert Golf Partners. All Rights Reserved. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Operator of golf properties focused on investing and upgrading private clubs across the United States while maintaining each club's cherished and distinct culture. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. Chairman and CEO Peter Nanula and. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. . The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. We are thrilled to welcome some terrific new investor partners, said Peter Nanula, CEO of Concert Golf Partners. Instruction & Academy Rules of Golf and Etiquette Swing Videos and Comments Classifieds & ProShops . Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements, and more, Concert Golf said. Baird served as lead financial advisor to Concert Golf Partners, and Eastdil co-advised the Company. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. The Dismal River Golf Club near Mullen declared bankruptcy in January, but it's owner says things are business as usual, and it's in no danger of closing. Luke Balaskiewicz of Jacksonville (141) tied for third and Barton Abstein of St. Johns and Parker Melin of Ponte Vedra Beach (147) tied for sixth. At Concert Golf Partners, Whitmoor becomes the 29th club in its portfolio. Concert Golf Partners. 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 Get the full list, Youre viewing 3 of 4 board members. Enter the Pulver, Oman and Pearson families, who were Glen Oaks residents and club members, and among Iowas most successful business leaders. Founded in 2011, Concert. From 2001 to 2012, Glen Oaks Tom Fazio-designed course hosted what is now the Principal Charity Classic, the highest-purse event on the PGA Champions Tour at the time. Type above and press Enter to search. Concert Golf Partners | 843 abonns sur LinkedIn. They are extraordinarily well-capitalized, organized, and have agreed to meet all of our requests and expectations to protect youour friends and members, our wonderful staff, and our continued high level of maintenance that makes the golf course and everything about Glen Oaks exceptional., Peter Nanula, CEO of Concert Golf, said It is rare to see the leaders of a club community step up with capital and selflessness to rescue their club and do such a wonderful job. One example of Concert Golfs approach can be found at the Muttontown Club, an exclusive, member-owned Jewish club on Long Islands Gold Coast that was founded in 1962. Our management team remains the same, and so does our goalto continue growing our boutique portfolio of high-end private clubs and to provide the best possible member experience. 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. The Players Championship presented the Players Community Senior Center with a new computer lab, helping replace equipment that was vandalized and stolen in a 2020 incident. Win whats next. 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Concert Golf Partners is a well-capitalized owner-operator of golf properties nationwide. . ClubCorp cancelled the multi-club acquisition from Concert Golf Partners earlier this summer after David Pillsbury was announced as the companys new CEO. Type above and press Enter to search. Copyright 2023 WTWH Media, LLC. Notice of Accessibility, There was an error submitting the form, please try again or. More than high-quality golf, White Manor has a reputation for both fun and refinement coming from an active, vibrant membership which enjoys a country club experience ranging from casual to elegant and family-focused to adult. Tour Talk General Golf Talk Classic Golf And Golfers Courses, Memberships and Travel Groups, Tourneys, and Partners Matching WRX Academy . Concert Golf owns 20 such clubs nationally, including former developer-owned clubs and longtime member-owned clubs . document.getElementById("comment").setAttribute( "id", "a3fe96359698b6ede9cd97cb4a22e4ae" );document.getElementById("c2e297a562").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. Concert Golf offers a personalized and curated approach to partnership and operates 25 private golf and country clubs nationally, including former developer-owned clubs and longtime member-owned clubs. New growth investment made in partnership with founding management team. 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