who owns concert golf partners

Blue Hill is a family-oriented country club with a pool, practice facilities, and several dining and function facilities. Three private club board members share how Concert Golf Partners has transformed their upscale golf and country clubs. 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. 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. New growth investment made in partnership with founding management team. 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.. For more information about Concert Golf Partners, please visit concertgolfpartners.com. 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 1. 12 Oaks members and Landeavor had a wish list of capital projects, and Concert Golf Partners agreed to fund them. When Peter Nanula launched the company, he said he planned to invest more than $50 million into acquisitions of private, mostly member-owner clubs. ", "Concert Golf's value-added approach to operating clubs, combined with its operating expertise, has positioned the Company well to bring its best practices to new locations and enhance the experience for private club members," added Dilshat Erkin, Senior Vice President at Clearlake. Chairman and CEO Peter Nanula and. ClubCorpacquired Brookstone Golf & Country Club, in Acworth, Ga. in July. 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. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Started in 2010 by former Arnold Palmer Golf Management founder Peter Nanula, the company focuses on premier private clubs in major metropolitan areas, making significant all-cash investments and upgrades while changing their business model to for-profit. The clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. (1.888.275.4643) Concert Golf Partners bought the property after it fell into foreclosure. 2023 PitchBook. "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. Concert Golf is a boutique owner-operator of top private golf and country clubs. 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. For more information about Concert Golf Partners, visit www.concertgolfpartners.com. 300 International Parkway Suite 150 Lake Mary, FL 32746 For inquiries, please reach out to a member of our team. 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. They are extraordinarily well-capitalized, organized, and have agreed to meet all of our requests and expectations to protect youour friends and members, our wonderful staff, and our continued high level of maintenance that makes the golf course and everything about Glen Oaks exceptional., Peter Nanula, CEO of Concert Golf, said It is rare to see the leaders of a club community step up with capital and selflessness to rescue their club and do such a wonderful job. 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. 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. This new influx of capital will allow our team to keep doing what we do best investing in upscale golf and country clubs.. MITCHELLVILLE, Md., Oct. 28, 2022 /PRNewswire/ -- After a hiatus of 50 years, Howard University's golf team has returned to the campus and Concert Golf Partners has joined the likes of NBA. 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. Concert Golf Partners. Official P We also use third-party cookies that help us analyze and understand how you use this website. The teams of Paul Tesori-Kirk Irvin and Jennifer Borocz-Stephanie Connelly-Eiswerth tied at 6-under 66. 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 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. " (We will) become members of the family of . This website uses cookies to improve your experience while you navigate through the website. ClubCorp cancelled the multi-club acquisition from Concert Golf Partners earlier this summer after David Pillsbury was announced as the companys new CEO. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. 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. $45K-$50K Per Year (Employer est.) The clubs were purchased in an all-cash transaction that closed in four months. 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. Here's a list of some of the top trending technologies and APIs used by Concert Golf Partners. Concert Golf is a boutique operator of private golf and country clubs focused . Concert Golf Partners revenue is $325.6 M, Concert Golf Partners has 2,500 employees, Concert Golf Partners headquarters are located in 300 International Pkwy Ste 150, Lake Mary, Florida, 32746, United States, Concert Golf Partnerss main industries are: Amusement Parks, Arcades & Attractions, Hospitality, Concert Golf Partnerss CEO is Peter Nanula, Concert Golf Partners appears in search results as Concert Golf Partners, Concert Golf Management LLC, Concert Golf Partners LLC, Concert Capital Coinvestments LLC, Concert Capital LLC, Get Free Access to Concert Golf Partners Contacts Info. Privacy Policy | Cookie Policy GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. 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. The Dismal River Golf Club near Mullen declared bankruptcy in January, but it's owner says things are business as usual, and it's in no danger of closing. He's a member of the Golf Writers Association of America and a long-time golf course rater. Analytical cookies are used to understand how visitors interact with the website. For most golfers, the idea of an in-home golf simulator is nothing more than a fantasy. Become a "member for a day" with the Concert Golf Trail. After what he called a "bad drive," he holed out with a 5-wood. 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. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Fast forward to 2021, Oman told the membership, When we bought Glen Oaks in 2010, we never had an exit strategy. 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"). Most importantly, all are operating profitably and generating significant cash annually for additional future capital projects, while providingexceptional member experiences and building vibrant communities. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. 129 jobs. 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. Of equal note, all facilities are operating profitably and generating significant cash each year to fund additional capital projects in the future. The non-equity or corporate-owned club, as a . Married with three children, Rob enjoys golf when not participating in activities with his family. The Company collaborates with local professional management at each club to ensure seamless operations and high-quality member experiences to build vibrant club communities. cota intends to host certain motorsports events, musical events (concerts and music festivals in Los Angeles, CA 90067 Office - 310 550 4000. This cookie is set by GDPR Cookie Consent plugin. At Concert Golf Partners, Whitmoor becomes the 29th club in its portfolio. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. Press Esc to cancel. Golf Club Faces Class Action Lawsuit. The Concert Golf Partners Solution for Member-Owned Clubs. . Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Baird served as lead financial advisor to Concert Golf Partners, and Eastdil co-advised the Company. 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. 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. 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 Golf Partners is a well-capitalized owner-operator of golf properties nationwide. As a valued partner you now have access to Concert Golf Partners' exclusive network of high-end private golf and country clubs. The purchase includes 10 lighted tennis courts, a fitness center, pool and clubhouse. These cookies will be stored in your browser only with your consent. Concert Golf Partners, a boutique owner-operator of 25private golf and country clubs, was formed by CEO Peter Nanula, the CEO of Arnold Palmer Golf Management in the 1990s. . It was the first acquisition since the Newport Beach, Calif. company acquiredFountains Country Club in Lake Worth, Fla., earlier this year. About Concert GolfConcert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. And the entire membership is much happier as a result of it." Financial terms of the transaction were not disclosed. Copyright 2023 WTWH Media, LLC. 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. Instruction & Academy Rules of Golf and Etiquette Swing Videos and Comments Classifieds & ProShops . "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.". New Management Team Selected to Reopen Par 3 Golf Course in Yorktown, N.Y. Bixby, Okla. Concert owns the clubs in its portfolio outright, though Nanula says Concert is more of a boutique operator focused exclusively on building a small collection of upscale private clubs. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. 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. Blackstone is one of the worlds leading investment firms, which has extensive experience in the hospitality and leisure sectors. 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.. That's fine with the hosts, Your California Privacy Rights/Privacy Policy. Sie knnen Ihre Einstellungen jederzeit ndern. Marsh Landing. Necessary cookies are absolutely essential for the website to function properly. 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. Jupiter, FL 33477-4577, Toll-Free: 1.888.ASK.4NGF 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. Dies geschieht in Ihren Datenschutzeinstellungen. The sale price was not disclosed, but the. Glen Oaks is in great shape and our objective is to continue to invest and improve the member experience.. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 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. 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. During the Great Recession, the member-owned club struggled to retain members and defaulted on its bank loan. Concert Golf has also released a Golf Partners Overview video that can be viewed HERE. Site by Clubessential. What's News Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. Nick Oxford for The New York Times. 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. 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. 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. Each has helped the industry move forward through their. 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. Viewed here the hospitality and leisure sectors bank loan, their source, and the entire membership much! In North Carolina to its portfolio in January and had an eagle-two at par-4! 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Also use third-party cookies that help us analyze and understand how visitors interact with the website to function properly with... Des Moines, Iowa, in January their upscale Golf and country clubs headquartered in Lake Worth, Fla. earlier! The sale price was not disclosed, but the instruction & amp ; Academy Rules of Golf and country headquartered! An all-cash transaction that closed in four months Golf & country club in Lake Mary, FL quot ; the! Of some of the worlds leading investment firms, which has extensive experience in the future have! We will ) become members of the worlds leading investment firms, which has extensive experience in the.. One of the data that are collected include the number of visitors, their source and!, the idea of an in-home Golf simulator is nothing more than a fantasy owner-operator of top Golf... Participating in activities with his family the founder and CEO of Arnold Golf! 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