Concert Golf Partners (CGP), a leading boutique operator of private golf and country clubs, has announced a new strategic investment from Clearlake Capital Group, L.P. This investment is set to propel Concert Golf’s growth trajectory, enabling the company to expand its portfolio of high-end golf clubs and further enhance the premium experiences it offers to its members. The partnership with Clearlake Capital marks a significant milestone for Concert Golf as it looks to build upon its already impressive network of private clubs.
Peter Nanula, Chairman and CEO, along with COO Susan Dunnavant, will continue to lead Concert Golf Partners, ensuring the company’s founding vision and operational excellence remain at the forefront. CFO Walter Bogumil will also maintain his key role in the leadership team. This continuity in leadership signals a strong foundation for future growth and stability as Concert Golf enters this new phase with Clearlake.
“Welcoming Clearlake as our new investment partner is an exciting step for Concert Golf,” stated Mr. Nanula. He emphasized that the core mission of Concert Golf remains unchanged: to strategically expand their collection of private clubs and consistently deliver exceptional experiences for their discerning members. Nanula highlighted Clearlake’s understanding of the golf industry and the intrinsic value of Concert Golf’s club network to its members and communities as key factors in the partnership. The focus moving forward will be on enriching the current member experience and strategically adding new properties to their expanding portfolio.
Echoing Nanula’s enthusiasm, Ms. Dunnavant added, “Our club members are already experiencing the positive impacts of ongoing investments and service enhancements at their respective clubs.” She pointed out that this new capital infusion from Clearlake will provide Concert Golf with even greater resources to acquire new clubs and implement exciting improvements across their existing properties. This commitment to reinvestment underlines Concert Golf’s dedication to continuous improvement and member satisfaction.
From Clearlake’s perspective, the investment in Concert Golf Partners aligns perfectly with their strategic objectives in the leisure and golf markets. José E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Partner and Managing Director, of Clearlake, jointly commented on Concert Golf’s unique position within the private golf club sector. They praised the company’s focus on delivering personalized membership experiences as a key differentiator. Clearlake intends to apply its proprietary O.P.S.® framework to further strengthen and broaden Concert Golf’s offerings, leveraging the promising trends within the golf and leisure industries.
Dilshat Erkin, Senior Vice President at Clearlake, further elaborated on Concert Golf’s operational strengths. He noted that Concert Golf’s proven approach to club operations, combined with their deep industry expertise, positions them ideally to successfully integrate new clubs and elevate the member experience across the board. Clearlake’s commitment is to support the existing Concert Golf leadership team by providing access to substantial capital, enabling them to aggressively pursue their strategic vision for growth and expansion.
The financial advisory roles for this transaction were handled by Baird, serving as the lead advisor for Concert Golf Partners, with Eastdil acting as co-advisor. Moelis & Company served as the financial advisor to Clearlake.
About Concert Golf Partners
Based in Lake Mary, FL, Concert Golf Partners specializes in operating an exclusive collection of private golf and country clubs. Currently managing 25 clubs nationwide, Concert Golf distinguishes itself through its tailored approach to partnerships. Their portfolio includes both clubs previously owned by developers and long-standing member-owned clubs. Concert Golf adopts a long-term investment strategy, prioritizing capital deployment for amenity and facility upgrades within major metropolitan areas. Crucially, they are committed to preserving the unique culture of each club while ensuring smooth operations and exceptional member experiences through collaboration with local professional management. To discover more about Concert Golf Partners, please visit www.concertgolfpartners.com.
About Clearlake Capital Group
Clearlake Capital Group, L.P., established in 2006, is a leading investment firm managing integrated businesses across private equity and credit, among other strategies. With a sector-focused investment approach, Clearlake partners with management teams, providing patient, long-term capital and its O.P.S.® operational improvement framework. Their primary sectors of focus include industrials, technology, and consumer businesses. Clearlake manages over $72 billion in assets, and its senior investment team has a track record of leading over 400 investments. Headquartered in Santa Monica, CA, Clearlake has affiliated offices in Dallas, TX, London, UK, and Dublin, Ireland. For additional information, please visit www.clearlake.com and follow them on Twitter @Clearlake.
Media Contacts:
Company / Industry Contact
Peter Nanula
[email protected]
Clearlake / Media Contact
Jennifer Hurson
[email protected]
