Subscribe to Golf Inc. Scorecard, a free bi-monthly e-newsletter with the latest news in operations, sales and development. It works only in coordination with the primary cookie. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. For more information about Concert Golf Partners, please visit concertgolfpartners.com. Each has helped the industry move forward through their. 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. Investment Supports Concert Golf's Portfolio Expansion and Club Enhancement InitiativesLAKE MARY, Fla., SANTA MONICA, Calif., and SEOUL, Korea, Se. 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. The possible sale had surprised many in the industry because of Concerts business model. The course sits, Editors Note: Golf Inc. has named five individuals as 2023 golf business Visionaries of the Year. When Concert was brought in in 2017, it paid off all the clubs debt while investing millions of dollars in capital projects, among them a bunker renovation, course expansion, upgrades to the bar and dining area, clubhouse remodeling, pool upgrades, and a new basketball court and dedicated kids room. Enter the Pulver, Oman and Pearson families, who were Glen Oaks residents and club members, and among Iowas most successful business leaders. 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 . A golfer on a fairway at the Gaillardia Country Club. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Win whats next. Fountains Country Club is a friendly club serving as our . 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. 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. Get the full list, Youre viewing 5 of 11 investments and acquisitions. 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.. The cookie is used to store the user consent for the cookies in the category "Performance". Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Press Esc to cancel. This cookie is set by GDPR Cookie Consent plugin. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. 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"). GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. 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. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. They never assessed the members, and they never took any money out of the club. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. 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. Chief Editor, Rob Thomas is based in Cleveland, Ohio. 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. Members had positive feedback on that sale and the club is thriving with a healthy, happy membership base, Concert Golf Partners said. Copyright 2023 WTWH Media, LLC. Effort to Resurrect Beacon Hill GC Hits Technical Snag. Stewardship of Glen Oaks Country Club in West Des Moines, Iowa has been transferred to Concert Golf Partners. 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. Blackstone Tactical Opportunities and Fireside are leading investors in high-end hospitality and leisure businesses with a long-term focus, Nanula said, and we welcome their expertise as we seek to enhance the private club experience for our thousands of members.. 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 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. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF 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. Communications and Member Relations Coordinator. 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 Chairman and CEO Peter Nanula and COO Susan Dunnavant, co-founders of CGP, will continue to lead the Company, along with CFO Walter Bogumil. Dec 21, 2022 - Marketing Communications Manager in Omaha, NE Recommend CEO Approval Business Outlook Pros Concert Golf Partners provides an abundance of opportunities to grow and develop your current skills giving you the chance to work your way into new/higher positions. Developed in the early 1990s on 532 acres of farmland, Glen Oaks is an award-winning gated community and country club. We offer superior recreation facilities, casual and fine dining, a resort-style pool, and a social calendar catering to the whole family. Sort by: relevance - date. ", "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. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. cota intends to host certain motorsports events, musical events (concerts and music festivals in Los Angeles, CA 90067 Office - 310 550 4000. Bob Pulver was involved in the original developer group and was the clubs first Chairman of the Board in 1994. The net winners were Skip Lunsford and Kevin Buller at 12-under-par 60, edging Mark Scott and Greg Maugen by one shot. ", "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. Type above and press Enter to search. By clicking Accept, you consent to the use of ALL the cookies. Press Esc to cancel. 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. Type above and press Enter to search. 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 . 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. Nick Oxford for The New York Times. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. 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. Golf clubs featured include West Lake Country Club (Augusta, Georgia), Heathrow Country Club (Orlando, Florida) and MacGregor Downs Country Club (Raleigh, North Carolina). 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 is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. 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. Bookmark, share and interact with the leading club and resort magazine today. All Rights Reserved. When typing in this field, a list of search results will appear and be automatically updated as you type. This cookie, set by YouTube, registers a unique ID to store data on what videos from YouTube the user has seen. 12 Oaks members and Landeavor had a wish list of capital projects, and Concert Golf Partners agreed to fund them. New growth investment made in partnership with founding management team. A decade later, the situation is still . 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. 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. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. It turned to Concert Golf Partners, which had acquired MacGregor Downs Country Club in nearby Cary, North Carolina in 2014. Concert Golf Partners is a boutique owner-operator of upscale private golf and country clubs. However, with advancements in technology, your own golf simulator is now more attainable than ever. Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. 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. "People are enjoying the club, enjoying the experience knowing that it is being professionally managed, knowing that there is never going be another assessment, knowing that they will never have to worry about capital and all the things they worried about before. All Rights Reserved. Concert has amassed $250 million in long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Dies geschieht in Ihren Datenschutzeinstellungen. Retrouvez le programme complet des venements de la salle CENTRE EVENEMENTIEL DE COURBEVOIE COURBEVOIE et rservez vos places au meilleur prix sur Fnac Spectacles. You also have the option to opt-out of these cookies. 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. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. 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. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. The facility's clubhouse recently has been remodeled, Greg Whittaker said in a statement. 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. Limited & Associates January 2007 - September 2007 Skills Resorts, Public Relations, Catering, Hospitality, Budgets, Marketing, Golf, Customer Service, Club, Public Speaking . C+RB reported on the transaction at the time. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. Chairman and CEO Peter Nanula and. The Plantation Golf and Country Club's recent sale will wipe out millions in debt for members. 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. So, Glen Oaks partnered with a large golf management company under a ground lease arrangement, hoping to benefit from their industry expertise. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. 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. 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. Married with three children, Rob enjoys golf when not participating in activities with his family. "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.". 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. Sie knnen Ihre Einstellungen jederzeit ndern. 129 jobs. 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 Partners acquired MacGregor Downs Country Club, a historic private country club in Cary, North Carolina for $3.4 million. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. Concert Golf Partners Corporate Headquarters: Lake Mary, Florida Website: https://www.concertgolfpartners.com/ Category: Course Management LEADERSHIP Peter Nanula - Chairman and CEO Susan Dunnavant - Chief Operating Officer Joseph B. Nowell, SVP of Operations Walter Bogumil - Chief Financial Officer 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 . 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. 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. 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 clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. The company continues to aggressively look for elite, fully private clubs, in major markets, and pays generously to those who facilitate introductions to owners or board members. Glen Oaks is in great shape and our objective is to continue to invest and improve the member experience.. 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 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. es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. The Marsh Landing Country Club has changed hands and, in a sense, the property has come full circle. Financial terms of the transaction were not disclosed. 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. Local Main: 561.744.6006, 2023 NGF.org. Up to $200,000 a year. More information is available at www.clearlake.com and on Twitter @Clearlake. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Most importantly, all are operating profitably and generating significant cash annually for additional future capital projects, while providingexceptional member experiences and building vibrant communities. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. CGP takes a long-term investment approach, seeking to deploy capital to upgrade amenities and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. It does not store any personal data. 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. Golf Sims/GPS/RFs/Apps Putters Golf Style and Accessories The Club House . All Concert Golf Partners clubs were previously developer- or member-owned clubs. 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. Employment Service Interviewer 9-E10. 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. 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. 2023 PitchBook. Of equal note, all facilities are operating profitably and generating significant cash each year to fund additional capital projects in the future. The boutique owner-operator now owns 28 private golf and country clubs throughout the U.S. and has committed to provide ongoing support to the HBCU. The Club at 12 Oaks is the latest high-end private club to join Concert Golf Partners. He's a member of the Golf Writers Association of America and a long-time golf course rater. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. 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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 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 Partners bought the property after it fell into foreclosure. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. Founded in 2011, Concert. 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. Year, creating a barrier to membership growth recent sale will wipe out millions debt! Evenementiel de COURBEVOIE COURBEVOIE et rservez vos places au meilleur prix sur Fnac Spectacles the property it., Texas will be Restored in January Glen Oaks partnered with a healthy, happy base! Landing country club in Des Moines, Iowa has been transferred to Golf. User has seen as you type of private Golf and country clubs the..., he said he had $ 150 million to spend with no plans to dispose of any.! A member of the Golf Writers Association of America and a long-time Golf course property, Former club. Was involved in the original developer group and was the clubs first Chairman of the Golf Writers of. 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