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. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Recapitalizing Private Clubs for Long Term Success. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. Fast forward to 2021, Oman told the membership, When we bought Glen Oaks in 2010, we never had an exit strategy. The cookie is used to store the user consent for the cookies in the category "Other. A group of high net-worth families led by Fireside Investments will participate alongside Blackstone in this transaction. 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. These cookies track visitors across websites and collect information to provide customized ads. (1.888.275.4643) 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. Copyright 2023 WTWH Media, LLC. Both courses offer a wonderful experience to golfers of all levels. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Concert Golf offers a personalized and curated approach to partnership and operates 27 private golf and country clubs nationally, including former developer-owned clubs and longtime member-owned clubs. Concert Golf Partners burst onto the scene in 2011, with Peter Nanula, CEO, announcing the company would invest more than $50 million into acquisitions of private clubs. New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. 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. Bob Pulver was involved in the original developer group and was the clubs first Chairman of the Board in 1994. Three private club board members share how Concert Golf Partners has transformed their upscale golf and country clubs. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. We offer superior recreation facilities, casual and fine dining, a resort-style pool, and a social calendar catering to the whole family. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. 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 3 of 4 board members. 1. We also use third-party cookies that help us analyze and understand how you use this website. Concert Golf Partners. 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. The members soon learned that their partner with no skin in the game was not aligned with their interests, allowed too many non-members to play their golf course, and did not adequately reinvest in the club. You also have the option to opt-out of these cookies. 07/12/2022 Concert Golf has acquired another club, this time The Ranch Country Club in Denver. Concert Golf Partners. 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. 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. ft. clubhouse with Tom Hoch Design, who has been engaged by some of the best clubs in the world, including several Ritz Carlton properties. 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 Moelis served as financial advisor to Clearlake. Bookmark, share and interact with the leading club and resort magazine today. 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 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. es and facilities at private clubs in major metropolitan areas, while maintaining each club's cherished and distinct culture. 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. Chief Editor, Rob Thomas is based in Cleveland, Ohio. 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. Chairman and CEO Peter Nanula and. 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 . Site by Clubessential. "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. 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. After what he called a "bad drive," he holed out with a 5-wood. What's News We are thrilled to welcome some terrific new investor partners, said Peter Nanula, CEO of Concert Golf Partners. CGP takes a long-term investment . Concert Golf is a boutique owner-operator of top private golf and country clubs. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. 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 . Enjoy Great Food. 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. 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. 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. The facility's clubhouse recently has been remodeled, Greg Whittaker said in a statement. For more information about Concert Golf Partners, please visit concertgolfpartners.com. The Country Club at Woodmore, one of the first . These cookies ensure basic functionalities and security features of the website, anonymously. 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. (Photo courtesy: Concert Golf Partners). . Many capital projects are planned at both properties including new indoor golf simulators, golf course enhancements and more. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF The Marsh Landing Country Club has changed hands and, in a sense, the property has come full circle. All Rights Reserved. 2023 PitchBook. Sort by: relevance - date. 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. 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. Less than two months after ClubCorppulled out of a deal to acquire 16 private clubs from Concert Golf Partners, both companies continue to be buyers. This cookie is set by GDPR Cookie Consent plugin. Type above and press Enter to search. 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. 2023 Concert Golf Partners. Financial terms of the transaction were not disclosed. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 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 But, he said ClubCorp presented a unique opportunity and he was willing to consider such a sale. The teams of Paul Tesori-Kirk Irvin and Jennifer Borocz-Stephanie Connelly-Eiswerth tied at 6-under 66. Co-Founder, Chairman & Chief Executive Officer, Youre viewing 4 of 10 executive team members. 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. The purchase includes 10 lighted tennis courts, a fitness center, pool and clubhouse. At Concert Golf Partners, Whitmoor becomes the 29th club in its portfolio. C+RB wrote about Concert Golfs involvement with MacGregor Downs CC in Cary, N.C. as its April 2016 cover story (https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/). Here's a list of some of the top trending technologies and APIs used by Concert Golf Partners. ", "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. Martinez, GA Easy Apply Today. 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. Marsh Landing. Around 92 percent of the 800 homeowners approved the sale. 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 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. The country club at Woodmore, one of the 800 homeowners approved the sale Youre viewing 3 of board... Used to store the user consent for the cookies in the category `` Other an strategy... Properties including new indoor Golf simulators, Golf course enhancements and more the current issue and issues. Private club board members share how Concert Golf Partners has transformed their upscale Golf and country clubs pool, a! 4 of 10 Executive team members Nanula, the member-owned club struggled to retain members and defaulted on its loan... 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