On the heels of Troon Golf’s July announcement that Kohlberg & Company, a private equity firm, had acquired a majority of Troon Golf’s stock, comes their December announcement that they have acquired Honours Golf.
If you’re a golfer living here in the Valley of the Sun, you are quite familiar with the Troon Golf name since their corporate office is headquartered here in Scottsdale. For those of you who aren’t, Troon Golf is the largest golf management company that also specializes in homeowner management, private residence clubs, estate management and associated hospitality venues.
With this acquisition, Troon Golf now dominates the golf management industry in the U.S. With the acquisition of Honours golf come 16 newly acquired courses in Alabama, Florida, Mississippi, and North Carolina.
Troon Golf was always big, and with this latest acquisition, it has positioned itself as top dog in not only the Southwest but now the Southeast as well. Basically, they’ve got the south all wrapped up when it comes to golf.
The all cash deal pushes Troon Golf’s portfolio to a total of 250+ golf courses covering 34 states and 29 countries including the Americas, Asia, Australia, Europe, the Middle East and Africa.
It’s pretty clear that the cash infusion that occurred when the majority stockholders, Starwood Capital and Goldman Sachs, were bought out by Kohlberg & Company, made it all happen. With the new shareholders on board, they don’t plan to stop growing anytime soon.
Looking for Scottsdale area golf homes for sale? Contact us at 480-405-4228 or fill out the contact form below to make an appointment to view properties.
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The Matheson Team – RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255
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