These cookies will be stored in your browser only with your consent. 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. We offer superior recreation facilities, casual and fine dining, a resort-style pool, and a social calendar catering to the whole family. This new influx of capital will allow our team to keep doing what we do best investing in upscale golf and country clubs.. 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. "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.". Members are pleased with . Golf Sims/GPS/RFs/Apps Putters Golf Style and Accessories The Club House . 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. Dies geschieht in Ihren Datenschutzeinstellungen. A decade later, the situation is still . The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. 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 . We are excited about working with our new investor partners and we look forward to growing the club portfolio with our existing team, said Susan Dunnavant, COO of Concert Golf Partners. Glen Oaks is in great shape and our objective is to continue to invest and improve the member experience.. "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. 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. Stewardship of Glen Oaks Country Club in West Des Moines, Iowa has been transferred to Concert Golf Partners. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. In addition to the championship golf course, Glen Oaks CC offers a family-friendly aquatics center with multiple pools, a fitness center, and an elegant dining experience. As part of your Home Club membership, your benefits extend beyond your Club and give you "Home Away From Home" access to Concert Golf properties. 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. Of equal note, all facilities are operating profitably and generating significant cash each year to fund additional capital projects in the future. Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements and more. Around 92 percent of the 800 homeowners approved the sale. It was the first big show since January of 2020, just before the, Contact Us|1-877-Golf Inc |3544 E. 17th Street, #201 Ammon, ID 83406 Cypress Magazines|Privacy Policy | Cookie Policy | Terms & Conditions. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. We will all be staying in the neighborhood and continue to be members of the club. Not long afterward, the clubs number of golf members increased by more than 100, the number of social members jumped by almost 20% and the average age dropped from over 65 to approximately 53. When Peter Nanula launched the company, he said he planned to invest more than $50 million into acquisitions of private, mostly member-owner clubs. 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. A golfer on a fairway at the Gaillardia Country 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 . es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. Site by Clubessential. The sixth annual Drivers of Change Invitational tournament at the Ponte Vedra Inn and Club raised more than $100,000 for the First Coast YMCA. Concert Golf is a boutique owner-operator of top private golf and country clubs. 07/12/2022 Concert Golf has acquired another club, this time The Ranch Country Club in Denver. However, with advancements in technology, your own golf simulator is now more attainable than ever. Instruction & Academy Rules of Golf and Etiquette Swing Videos and Comments Classifieds & ProShops . 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. from 8 AM - 9 PM ET. For more information about Concert Golf Partners, visit www.concertgolfpartners.com. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. It is blessed with 27 holes of championship golf. Concert has amassed $250 million in long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. Chief Editor, Rob Thomas is based in Cleveland, Ohio. When typing in this field, a list of search results will appear and be automatically updated as you type. Concert Golf is a boutique operator of private golf and country clubs focused . Official P All rights reserved. By clicking Accept, you consent to the use of ALL the cookies. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. Three private club board members share how Concert Golf Partners has transformed their upscale golf and country clubs. All Rights Reserved. Concert Golf Partners is a well-capitalized owner-operator of golf properties nationwide. Marsh Landing was originally developed by Paul and Jerome Fletcher and had been ownedby Chester Stokes. All Concert Golf Partners clubs were previously developer- or member-owned clubs. 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. All rights reserved. ", "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. 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. ", "Peter, Susan, and the Concert Golf team have built a differentiated foundation in the private golf club ecosystem and have positioned the Company by offering a personalized membership experience," said Jos E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Partner and Managing Director, of Clearlake. The possible sale had surprised many in the industry because of Concerts business model. Golf - The Muttontown Club Hit the Links An Alfred Tull design, our 18-hole, 71/72 Par championship golf course stretches across 150 acres of perfectly manicured grounds with great practice facilities including a driving range, short game area, and several chipping/putting greens. Get the full list, To view Concert Golf Partnerss complete subsidiaries history, request access, To view Concert Golf Partnerss complete exits history, request access, Morningstar Institutional Equity Research. Martinez, GA Easy Apply Today. Another PGA Show is in the books: gone, but certainly not forgotten. Sort by: relevance - date. CGP takes a long-term investment . 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. 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. Subscribe to Golf Inc. Scorecard, a free bi-monthly e-newsletter with the latest news in operations, sales and development. 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. 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. All Rights Reserved. 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. 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. About Concert GolfConcert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. The management company picked up new contracts to run Sapona Golf, Golf course architectural firm Richardson | Danner has received approval to begin work on their renovation of Hyderabad Golf Club in India. Financial terms of the transaction were not disclosed. Necessary cookies are absolutely essential for the website to function properly. 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. 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. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. 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 firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Type above and press Enter to search. He's a member of the Golf Writers Association of America and a long-time golf course rater. Members of the Plantation Golf and Country Club voted overwhelmingly two weeks ago in favor of selling off the golf club and amenities to Concert Golf Partners in return for a recapitalization plan. 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. 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.. 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. Baird served as lead financial advisor to Concert Golf Partners, and Eastdil co-advised the Company. 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. Co-Founder, Chairman & Chief Executive Officer, Youre viewing 4 of 10 executive team members. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. The Marsh Landing Country Club has changed hands and, in a sense, the property has come full circle. Analytical cookies are used to understand how visitors interact with the website. Bookmark, share and interact with the leading club and resort magazine today. Golf Club Faces Class Action Lawsuit. Concert Golf is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. Founded in 2011, Concert. Investment Supports Concert Golf's Portfolio Expansion and Club Enhancement InitiativesLAKE MARY, Fla., SANTA MONICA, Calif., and SEOUL, Korea, Se. It works only in coordination with the primary cookie. It turned to Concert Golf Partners, which had acquired MacGregor Downs Country Club in nearby Cary, North Carolina in 2014. Glen Oaks terminated the lease deal and bought the club back from the management company. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. Fast forward to 2021, Oman told the membership, When we bought Glen Oaks in 2010, we never had an exit strategy. This cookie is set by GDPR Cookie Consent plugin. Both courses offer a wonderful experience to golfers of all levels. Concert Golf Partners. 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. 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. Glen Oaks CC is a case study in how to transition a top club from its original development to a secure long-term future, Nanula added. The golf club closed in 2017. The golf course real estate industry took a hammering in the years after the Great Recession, as an oversupply of courses failed to meet demand from buyers. . Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Tour Talk General Golf Talk Classic Golf And Golfers Courses, Memberships and Travel Groups, Tourneys, and Partners Matching WRX Academy . Get the latest Bi-Weekly Golf Business Viewpoints. 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 . We look forward to working with them to continue to enhance our offerings for current members and adding additional properties to our portfolio. 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. "Club members have seen the 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. In a November 1, 2021 ruling, Judge Andrea McHugh, a Florida circuit court judge . Prior to the families ownership, Glen Oaks managed the trifecta. 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. LAKE MARY, Fla. and SANTA MONICA, Calif., April 21, 2022 /PRNewswire/ -- 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"). Were continuing to see owners who are seeking to put their club into good hands for the next chapter of the clubs history; price is almost never the primary concern, but rather the confidence that the new owner will continue to deliver great member experiences and provide training and growth opportunities to the staff.. 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. 1. Emmett Kuhlenkamp of Fleming Island had a hot hand at the Ocala Golf Club with rounds of 69-68--137 to win his first Florida Junior Tour event by two shots. 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. Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website. ft. clubhouse, new swimming pool complex, golf course renovation, new cart paths, and more. State of Michigan 3.8. These new investors will supplement the capital provided by CGPs current funding sources. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. Press Esc to cancel. . Press Esc to cancel. Follow him on Twitter (@AmGolferBlog) and listen to him on the Club + Resort Talks podcast. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Member Relations Gabrielle McCalister, Director of Communications gmccalister@concertgolfclubs.com Career Opportunities / HR Yvonne Turnbull, Director of Human Resources yturnbull@concertgolfclubs.com New Membership Inquiries Phil Herrington, president of Herrington Inc. which had owned Gaillardia since 2002 before the property fell into foreclosure, said he is pleased that the country club will be owned by a reputable operator so that he can turn his focus to further residential development. 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"). And the entire membership is much happier as a result of it." At Concert Golf Partners, Whitmoor becomes the 29th club in its portfolio. 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