M&A Deal Summary

Troon Golf Acquires ClubUp

On July 27, 2022, Troon Golf acquired leisure company ClubUp

Acquisition Highlights
  • This is Troon Golf’s 4th transaction in the Leisure sector.
  • This is Troon Golf’s 5th transaction in the United States.
  • This is Troon Golf’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-07-27
Target ClubUp
Sector Leisure
Buyer(s) Troon Golf
Deal Type Add-on Acquisition

Target

ClubUp

Charlotte, North Carolina, United States
website
ClubUp is an operator of a golf technology and service company that currently caters to 65 golf clubs and resorts operating caddie programs domestically and internationally. ClubUp is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Troon Golf

Scottsdale, Arizona, United States

website

Category Company
Founded 1990
Sector Leisure
DESCRIPTION

Troon is a golf and club-related leisure and hospitality services company, providing a variety of services at 620-plus locations around the globe, including managing 640-plus 18-hole equivalent golf courses. Troon was founded in 1990 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 5 of 6
Sector (Leisure) 4 of 5
Type (Add-on Acquisition) 5 of 6
State (North Carolina) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Indigo Golf Partners

Reston, Virginia, United States

Indigo Golf Partners LLC is a golf course management company owns and operates more than 160 golf courses, country clubs and resorts in 29 states. Indigo Golf Partners is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 appliedgolf

Millstone Township, New Jersey, United States

appliedgolf is a full-service golf & hospitality management company providing customized solutions for Public and Municipal courses as well as Semi-Private and Private Clubs. The company manages, leases, and owns properties to provide guidance and direction to golf course owners and operators. appliedgolf was formed in 2006 and is based in Millstone Township, New Jersey.

Buy -
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