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. Hybrid remote in Michigan. For more information about Concert Golf Partners, please visit concertgolfpartners.com. Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements and more. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. 1922 In 1922, the Club ushured in a new era of golf exhibitions, staging events that featured the world's best golfers. Get the latest bi-weekly golf business perspective. 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. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. Communications and Member Relations Coordinator. 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. Plantation Golf & Country Club in Venice, Fla. 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. It turned to Concert Golf Partners, which had acquired MacGregor Downs Country Club in nearby Cary, North Carolina in 2014. 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. All Rights Reserved. Blackstone is one of the worlds leading investment firms, which has extensive experience in the hospitality and leisure sectors. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Lake Mary, Florida, United States 1001-5000 Private Equity Private www.concertgolfpartners.com 224,028 Highlights Contacts 24 Investors 2 Similar Companies 4 Recent News & Activity Funding Round Sep 28, 2022 The purchase includes 10 lighted tennis courts, a fitness center, pool and clubhouse. The course sits, Editors Note: Golf Inc. has named five individuals as 2023 golf business Visionaries of the Year. 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. 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. Limited & Associates January 2007 - September 2007 Skills Resorts, Public Relations, Catering, Hospitality, Budgets, Marketing, Golf, Customer Service, Club, Public Speaking . Recapitalizing Private Clubs for Long Term Success. Concert Golf Partners. He's a member of the Golf Writers Association of America and a long-time golf course rater. 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. 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. 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. Website www.concertgolfpartners.com Formerly Known As Concert Capital Partners Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Asset Management Other Industries Leisure Facilities Other Restaurants, Hotels and Leisure Primary Office 300 International Parkway Suite 150 Lake Mary, FL 32746 The net winners were Skip Lunsford and Kevin Buller at 12-under-par 60, edging Mark Scott and Greg Maugen by one shot. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are industrials, technology, and consumer. 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. Concert Golf Partners acquired MacGregor Downs Country Club, a historic private country club in Cary, North Carolina for $3.4 million. 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. Moelis served as financial advisor to Clearlake. Chairman and CEO Peter Nanula and COO Susan Dunnavant, co-founders of CGP, will continue to lead the Company, along with CFO Walter Bogumil. With over $250 million of capital at its disposal to make all-cash investments in large-scale, private golf & country clubs in major metropolitan areas, the company continued its upward growth with seven more club acquisitions in 2022. 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. Concert Golf Partners is a boutique owner-operator of upscale private golf and country clubs. Site by Clubessential. 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. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. The cookie is used to store the user consent for the cookies in the category "Performance". Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. Concert Golf Partners currently owns and operates 23 golf clubs around the United States and is always Shared by Emily Adams View Emily's full profile 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. who owns concert golf partners. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. And the entire membership is much happier as a result of it." A subsidiary of Concert Golf Partners that controls the Plantation Golf and Country Club (PGCC) in Venice, FL faces a class-action lawsuit brought by former members who say they were denied millions of dollars in refunds. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. CGP takes a long-term investment . 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. 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. Concert Golf Partners. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Notice of Accessibility, There was an error submitting the form, please try again or. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Concert Golf Partners jobs. Type above and press Enter to search. Nick Oxford for The New York Times. ", "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 Partners has had a significant impact on the industry, building an investment portfolio of about 30 private clubs spanning from Boston to Denver. These cookies track visitors across websites and collect information to provide customized ads. The club has recently achieved the elusive member waitlist and had a record year financially with well over $10 million of annual revenues. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. The owner of private clubs started acquiring courses in 2011 and has 22 in its portfolio. Blue Hill is a family-oriented country club with a pool, practice facilities, and several dining and function facilities. State of Michigan 3.8. GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. Enjoy Great Food. 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. Formed by Nanula, the founder and CEO of Arnold Palmer Golf Management (1993 to 2000), Concert Golf has amassed $150 million of patient, long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. Get the latest Bi-Weekly Golf Business Viewpoints. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. We offer superior recreation facilities, casual and fine dining, a resort-style pool, and a social calendar catering to the whole family. The possible sale had surprised many in the industry because of Concerts business model. This cookie is set by GDPR Cookie Consent plugin. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF Concert Golf Partners is a boutique owner-operator of upscale private golf and country clubs, with a nationwide portfolio of almost 30 facilities that recapitalized and transitioned to non-equity status. More information is available at www.clearlake.com and on Twitter @Clearlake. 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