Investment Supports Concert Golf's Portfolio Expansion and Club Enhancement InitiativesLAKE MARY, Fla., SANTA MONICA, Calif., and SEOUL, Korea, Se. Married with three children, Rob enjoys golf when not participating in activities with his family. 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. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. 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. 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. 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. 129 jobs. 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. $16.00 Per Hour (Employer est.) 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. Copyright 2023 WTWH Media, LLC. Sort by: relevance - date. ft. clubhouse with Tom Hoch Design, who has been engaged by some of the best clubs in the world, including several Ritz Carlton properties. Members had positive feedback on that sale and the club is thriving with a healthy, happy membership base, Concert Golf Partners said. The net winners were Skip Lunsford and Kevin Buller at 12-under-par 60, edging Mark Scott and Greg Maugen by one shot. This new influx of capital will allow our team to keep doing what we do best investing in upscale golf and country clubs.. When the three families acquired the club out of foreclosure from the bank in 2010, they immediately they went to work on a multi-million-dollar modernization of the 48,000-sq. Sie knnen Ihre Einstellungen jederzeit ndern. Glen Oaks is in great shape and our objective is to continue to invest and improve the member experience.. Local Main: 561.744.6006, 2023 NGF.org. CGP takes a long-term investment . Operator of golf properties focused on investing and upgrading private clubs across the United States while maintaining each club's cherished and distinct culture. Martinez, GA Easy Apply Today. 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. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Concert Golf Partners bought the property after it fell into foreclosure. Baird served as lead financial advisor to Concert Golf Partners, and Eastdil co-advised the Company. That's fine with the hosts, Your California Privacy Rights/Privacy Policy. This cookie is set by GDPR Cookie Consent plugin. (Photo courtesy: Concert Golf Partners). "Our goal remains the same to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. Cons I wish Concert Golf Partners could a better benefit package. 07/12/2022 Concert Golf has acquired another club, this time The Ranch Country Club in Denver. Contact Garry Smits at gsmits@gannett.com and follow him on Twitter @GSmitter, Constellation Furyk & Friends gets better, not necessarily bigger. Concert Golf Partners of Lake Mary made Marsh Landing its 28th private club acquisition with its purchase of the Ponte Vedra Beach gated-community, private club, built in 1982and designed by the late Ed Seay of Palmer Course Design. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Enter the Pulver, Oman and Pearson families, who were Glen Oaks residents and club members, and among Iowas most successful business leaders. https://clubandresortbusiness.com/getting-back-track-macgregor-downs-cc/, Effort to Resurrect Beacon Hill GC Hits Technical Snag. After what he called a "bad drive," he holed out with a 5-wood. The owner of private clubs started acquiring courses in 2011 and has 22 in its portfolio. 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. Up to $200,000 a year. Senior Vice President, General Counsel & Corporate Secretary, Sales Director, Corporate Catering At Concert Golf Partners, Regional Director, Catering Sales & Events. CGP takes a long-term investment . All Concert Golf Partners clubs were previously developer- or member-owned clubs. GreatLIFE Golf added five management deals in North Carolina to its portfolio in January. 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. 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. Concert Golf Partners is run by Chairman Peter Nanula, formerly the president of Arnold Palmer Golf Management. The owners elected to sell rather Concert Golf Partners. This cookie is set by GDPR Cookie Consent plugin. who owns concert golf partners. Dies geschieht in Ihren Datenschutzeinstellungen. 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. Get the full list, Youre viewing 5 of 11 investments and acquisitions. The Plantation Golf and Country Club's recent sale will wipe out millions in debt for members. Stewardship of Glen Oaks Country Club in West Des Moines, Iowa has been transferred to Concert Golf Partners. 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"). 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. 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. Concert Golf acquired Glen Oaks Country Club in Des Moines, Iowa, in January. 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. As humans, we see our primary care physician on a regular basis to proactively evaluate our vital signs. Developed in the early 1990s on 532 acres of farmland, Glen Oaks is an award-winning gated community and country club. Prior to the families ownership, Glen Oaks managed the trifecta. 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. Leaders May Purchase Former Golf Course Property, Former Tennis Club In Sherman, Texas Will Be Restored. Flash back to 2010, Mark Oman with other local investors purchased the club and golf course from West Bank, which had acquired the property at a sheriffs sale after the club and homeowners association defaulted on a loan, the Des Moines Business Record reported. 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. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. The Club at 12 Oaks is the latest high-end private club to join Concert Golf Partners. Not long afterward, the clubs number of golf members increased by more than 100, the number of social members jumped by almost 20% and the average age dropped from over 65 to approximately 53. Members are pleased with . This website uses cookies to improve your experience while you navigate through the website. Chairman and CEO Peter Nanula and COO Susan Dunnavant, co-founders of CGP, will continue to lead the Company, along with CFO Walter Bogumil. 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. document.getElementById("comment").setAttribute( "id", "a2572eb4cf555a5ed743bbb6c7057d31" );document.getElementById("c2e297a562").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. However, with advancements in technology, your own golf simulator is now more attainable than ever. 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 . We are thrilled to welcome some terrific new investor partners, said Peter Nanula, CEO of Concert Golf Partners. This cookie is set by GDPR Cookie Consent plugin. Browse the current issue and archived issues of Club & Resort Business in an easy-to-use, high-quality format. New growth investment made in partnership with founding management team. Blue Hill Country Club is owned by Concert Golf Partners as a private country club. The cookie is used to store the user consent for the cookies in the category "Other. He's a member of the Golf Writers Association of America and a long-time golf course rater. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. 2023 PitchBook. 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. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Concert Golf Partners, a boutique owner-operator of 25 private golf and country clubs, was formed by CEO Peter Nanula, the CEO of Arnold Palmer Golf Management in the 1990s. 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. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. 501 N. Highway A1A Likewise, a superintendent should perform frequent diagnostic testing on their golf course. The clubs annual dues had risen to $26,000 per year, creating a barrier to membership growth. We will all be staying in the neighborhood and continue to be members of the club. 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. Concert has amassed $250 million in long-term equity capital to invest in and upgrade large-scale private clubs located in major metro areas. We are a welcoming private club located in Lake Worth on 865 beautiful acres with 36 holes of top-notch golf designed to test the game's best players. 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. 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. 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. Concert Golf Partners jobs. 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. 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. So, Glen Oaks partnered with a large golf management company under a ground lease arrangement, hoping to benefit from their industry expertise. Limited & Associates January 2007 - September 2007 Skills Resorts, Public Relations, Catering, Hospitality, Budgets, Marketing, Golf, Customer Service, Club, Public Speaking . 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. For more information about Concert Golf Partners, please visit concertgolfpartners.com. It was the first acquisition since the Newport Beach, Calif. company acquiredFountains Country Club in Lake Worth, Fla., earlier this year. In a press release, Concert Golf vice president said the group intends to invest $7 million into the club "in the coming years.". 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 Golf is a boutique owner-operator of top private golf and country clubs. 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. All Rights Reserved. The cookie is used to store the user consent for the cookies in the category "Analytics". Site by Clubessential. All rights reserved. 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. Type above and press Enter to search. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. It works only in coordination with the primary cookie. 12 Oaks members and Landeavor had a wish list of capital projects, and Concert Golf Partners agreed to fund them. 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. 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. 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. Concert Golf is a boutique operator of private golf and country clubs focused on providing high-quality lifestyle offerings and amenities for its members. 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. Married with three children, Rob enjoys golf when not participating in activities with his family. Concert Golf Partners is a boutique operator of private golf and country clubs headquartered in Lake Mary, FL. When typing in this field, a list of search results will appear and be automatically updated as you type. Become a "member for a day" with the Concert Golf Trail. You also have the option to opt-out of these cookies. The purchase includes 10 lighted tennis courts, a fitness center, pool and clubhouse. Concert Golf Partners. Enjoy Great Food. Nick Oxford for The New York Times. 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. 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. Fast forward to 2021, Oman told the membership, When we bought Glen Oaks in 2010, we never had an exit strategy. By clicking Accept, you consent to the use of ALL the cookies. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Concert Golf's co-founders, Peter Nanula and Susan Dunnavant, began their golf industry careers running Arnold Palmer Golf Management. 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. The money will go primarily to the First Coast YMCA Tiger Academy Charter School and Johnson Family YMCA Teen Forward Program. Necessary cookies are absolutely essential for the website to function properly. ClubCorp cancelled the multi-club acquisition from Concert Golf Partners earlier this summer after David Pillsbury was announced as the companys new CEO. 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. The company is a boutique owner-operator of private golf and country clubs, funded on a debt-free basis and operated by a team on behalf of the members, enabling partners to upgrade amenities and facilities while preserving and enhancing their clubs for the long term. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. Chief Editor, Rob Thomas is based in Cleveland, Ohio. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. "We are thrilled to welcome our new investment partners at Clearlake," said Mr. Nanula. A group of high net-worth families led by Fireside Investments will participate alongside Blackstone in this transaction. Blackstone is one of the worlds leading investment firms, which has extensive experience in the hospitality and leisure sectors. It was formed in 2011 by Peter Nanula, the founder and CEO of Arnold Palmer Golf Management. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. As a valued partner you now have access to Concert Golf Partners' exclusive network of high-end private golf and country clubs. Concert Golf Partners is a boutique owner-operator of private clubs based in Newport Beach, Calif. He beat his age of 90 by six shots with an 84, and had an eagle-two at the par-4 fourth hole. Former University of Florida football coach Doug Dickey had a good week at the San Jose Country Club last week. 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. 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. Employment Service Interviewer 9-E10. 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. (1.888.275.4643) The Country Club at Woodmore, one of the first . 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. 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 . 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". It is blessed with 27 holes of championship golf. Each has helped the industry move forward through their. The club is the centerpiece amenity at the 912-acre 12 Oaks community in fast-growing Holly Springs, North Carolina, featuring 1,700 homes. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. All Rights Reserved. Fireside makes growth capital investments in durational real estate businesses. All Rights Reserved. Glen Oaks terminated the lease deal and bought the club back from the management company. 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. Company / Industry ContactPeter Nanula[emailprotected], Clearlake / Media ContactJennifer Hurson[emailprotected], Cision Distribution 888-776-0942 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. He's a member of the Golf Writers Association of America and a long-time golf course rater. It does not store any personal data. 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. 1. Type above and press Enter to search. Blue Hill is a family-oriented country club with a pool, practice facilities, and several dining and function facilities. 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. Concert Golf Partners . The Concert Golf Partners Solution for Member-Owned Clubs. All rights reserved. . C+RB reported on the transaction at the time. 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/). Get the full list, Youre viewing 3 of 4 board members. 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 .
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