But that has opened the door for investors like Mr. Nanula, who raised his $50 million private equity fund in 2012 and has since bought eight golf course clubs and loans. Subscribe to Golf Inc. Scorecard, a free bi-monthly e-newsletter with the latest news in operations, sales and development. All rights reserved. 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. For more information about Concert Golf Partners, please visit concertgolfpartners.com. Three private club board members share how Concert Golf Partners has transformed their upscale golf and country clubs. 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. Landeavor LLC, a Tampa-based real estate developer, built 12 Oaks, but decided it did not want to own and operate private clubs, nor pass that responsibility on to members. 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. Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements, and more, Concert Golf said. 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. 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 . Company / Industry ContactPeter Nanula[emailprotected], Clearlake / Media ContactJennifer Hurson[emailprotected], Cision Distribution 888-776-0942 ", "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 ("Concert Golf," "CGP" or the "Company") announced today that it has received a strategic investment from Centroid Investment Partners ("Centroid"), a Seoul-based private . 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. Concert has amassed $250 million in long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. It turned to Concert Golf Partners, which had acquired MacGregor Downs Country Club in nearby Cary, North Carolina in 2014. . In a press release, Concert Golf vice president said the group intends to invest $7 million into the club "in the coming years.". Get the latest Bi-Weekly Golf Business Viewpoints. About Concert Golf Partners Concert Golf Partners is a boutique owner-operator of top private golf and country clubs, formed by CEO Peter Nanula, the CEO of Arnold Palmer Golf Management in the . Concert Golf Partners is a well-capitalized owner-operator of golf properties nationwide. Communications and Member Relations Coordinator. Each has helped the industry move forward through their. State of Michigan 3.8. The Club at 12 Oaks is the latest high-end private club to join Concert Golf Partners. Club, the storied 90-year old private club in the Boston suburb of Canton, has completed its recapitalization with Concert Golf Partners, the boutique owner . Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. 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. Bookmark, share and interact with the leading club and resort magazine today. 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. Concert Golf Partners acquired MacGregor Downs Country Club, a historic private country club in Cary, North Carolina for $3.4 million. 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. 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. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. However, with advancements in technology, your own golf simulator is now more attainable than ever. 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. 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. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. With Clearlake, we have found a partner who understands golf and knows how important our network of clubs is to our members and communities. 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. "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. 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. He's a member of the Golf Writers Association of America and a long-time golf course rater. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. The Country Club at Woodmore, one of the first . 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. The golf club closed in 2017. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Senior Vice President, General Counsel & Corporate Secretary, Sales Director, Corporate Catering At Concert Golf Partners, Regional Director, Catering Sales & Events. Concert Golf Partners has acquired two additional clubs in the Midwest The Sagamore Club in Noblesville, Indiana, and The Players Club at Deer Creek in Omaha, Nebraska. Up to $200,000 a year. Under the terms of that agreement, PCC assigned NPT "any and all claims, demands, and cause or causes of action of any kind whatsoever which Assignor has, may have, may have [sic], or may have had on or before March 1, 2017 against Concert Golf Partners LLC, Concert Philmont Properties, LLC, Concert Philmont, LLC, Peter Nanula, Ridgewood Real . For more information about Concert Golf Partners, please visit concertgolfpartners.com. es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. By clicking Accept, you consent to the use of ALL the cookies. 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 . 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. But opting out of some of these cookies may affect your browsing experience. Type above and press Enter to search. 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 Win whats next. Amusement Parks, Arcades & Attractions, Hospitality, 300 International Pkwy Ste 150, Lake Mary, Florida, 32746, United States. This cookie is set by GDPR Cookie Consent plugin. Local Main: 561.744.6006, 2023 NGF.org. who owns concert golf partners. . Members are pleased with . 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 . Blue Hill is a family-oriented country club with a pool, practice facilities, and several dining and function facilities. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. 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. 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 by. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. 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. Married with three children, Rob enjoys golf when not participating in activities with his family. 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. 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. Moelis served as financial advisor to Clearlake. . 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. 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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Through Concert Golf Partners ability to pay off debt and invest cash into the properties, they have been able to increase membership rosters, add new amenities, invest in capital improvement, improve course conditions and raise the level of service. ClubCorp cancelled the multi-club acquisition from Concert Golf Partners earlier this summer after David Pillsbury was announced as the companys new CEO. What's News 501 N. Highway A1A When typing in this field, a list of search results will appear and be automatically updated as you type. GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. We are thrilled to welcome some terrific new investor partners, said Peter Nanula, CEO of Concert Golf Partners. Investment Supports Concert Golf's Portfolio Expansion and Club Enhancement InitiativesLAKE MARY, Fla., SANTA MONICA, Calif., and SEOUL, Korea, Se. Concert Golf Partners ("Concert Golf," "CGP" or the "Company") announced today that it has received a strategic investment from Centroid Investment Partners ("Centroid"), a Seoul-based 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. 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