M&A Deal Summary

ClubCorp Holdings Acquires Norbeck Country Club

On February 22, 2017, ClubCorp Holdings acquired leisure company Norbeck Country Club

Acquisition Highlights
  • This is ClubCorp Holdings’ 19th transaction in the Leisure sector.
  • This is ClubCorp Holdings’ 19th transaction in the United States.
  • This is ClubCorp Holdings’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2017-02-22
Target Norbeck Country Club
Sector Leisure
Buyer(s) ClubCorp Holdings
Deal Type Add-on Acquisition

Target

Norbeck Country Club

Rockville, Maryland, United States
Norbeck Country Club is a premier member-owned country club. It offers a true old-style championship golf course with tree lined fairways and small greens with the original design by J. Franklin Meehan. Additional amenities include casual and upscale dining, state-of-the-art swimming facility with three swimming pools – heated competition lap pool, resort-style zero entry pool and wading pool – and private event and meeting space that can accommodate up to 200.

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Buyer(S) 1

Buyer

ClubCorp Holdings

Dallas, Texas, United States
Category Company
Founded 1957
Sector Leisure
Employees20,000
Revenue 1.1B USD (2015)
DESCRIPTION

ClubCorp Holdings owns and operates golf, country, business, sports, and alumni clubs. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings was founded in 1957 and is based in Dallas, Texas.

DEAL STATS #
Overall 19 of 22
Sector (Leisure) 19 of 22
Type (Add-on Acquisition) 19 of 21
State (Maryland) 2 of 2
Country (United States) 19 of 22
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 North Hills Country Club

Glenside, Pennsylvania, United States

North Hills Country Club is a owner-operator of private golf and country clubs and private business clubs in Glenside, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Oakhurst Golf & Country Club

illage of Clarkston, Michigan, United States

Oakhurst Golf & Country Club is a premier private club in Clarkston, Michigan, just northwest of Detroit. Oakhurst Country Club features a challenging 18-hole Arthur Hills-designed golf course that winds through pristine forests of oak, maple, beech, hickory and ash and past some of Michigan’s most beautiful marshlands. The spectacular three-level, 42,000-square-foot clubhouse offers upscale and casual dining, lounges and meeting rooms, elegant private event space, pro shop, and new locker rooms. Additional amenities include an Olympic-size pool and six tennis courts.

Buy -
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