M&A Deal Summary

ClubCorp Holdings Acquires Toll Brothers - Seven Golf Clubs

On October 31, 2019, ClubCorp Holdings acquired leisure company Toll Brothers - Seven Golf Clubs from Toll Brothers

Acquisition Highlights
  • This is ClubCorp Holdings’ 22nd transaction in the Leisure sector.
  • This is ClubCorp Holdings’ 22nd transaction in the United States.
  • This is ClubCorp Holdings’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2019-10-31
Target Toll Brothers - Seven Golf Clubs
Sector Leisure
Buyer(s) ClubCorp Holdings
Sellers(s) Toll Brothers
Deal Type Divestiture

Target

Toll Brothers - Seven Golf Clubs

Horsham, Pennsylvania, United States
Toll Brothers, Inc. - Seven Golf Clubs offer a variety of lifestyle amenities such as upscale, resort-style golf, tennis, fitness, aquatics, sports, and dining, includes Belmont Country Club, Dominion Valley Country Club, Regency at Dominion Valley Country Club, Brier Creek Country Club, Hasentree, Jupiter Country Club and Oak Creek Golf Club.

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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 22 of 22
Sector (Leisure) 22 of 22
Type (Divestiture) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 22 of 22
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-21 Medina Golf & Country Club

Medina, Minnesota, United States

Medina Golf & Country Club offers a championship 18-hole golf course, which has been host to numerous amateur golf tournaments sponsored by the Minnesota Golf Association, including the 2013 MGA State Amateur, plus a nine-hole executive par-3 course ideal for junior golfers and beginners. Amenities also include a 45,000-square-foot clubhouse with casual and upscale dining and a Grand Ballroom overlooking the golf course, four Har-Tru clay tennis courts and large pool with a diving board, slide and zero-depth entry kids’ section with water spouts. During the snowy season, Medina offers two powder trails for cross-country skiing and snowshoeing.

Buy -

Seller(S) 1

SELLER

Toll Brothers

Fort Washington, Pennsylvania, United States

Category Company
Founded 1967
Sector Construction
Employees4,800
Revenue 10.0B USD (2023)
DESCRIPTION

Toll Brothers is a builder of luxury homes that serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. Toll Brothers was founded in 1967 and is based in Fort Washington, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Sabal Homes

Mount Pleasant, South Carolina, United States

Sabal Homes is a private home building company serving a wide range of homebuyers including first-time, move-up, and move-down buyers at price points from the high $200,000s to over $700,000. Sabal Homes was formed in 2005 and is based in Mount Pleasant, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 StoryBook Homes

Las Vegas, Nevada, United States

StoryBook Homes is a privately-held homebuilder based. StoryBook Homes has built over 1,700 homes in Las Vegas since its inception. The company primarily serves first-time and move-up homebuyers with price points ranging from the mid-$200,000s to over $600,000. StoryBook Homes was founded in 2003 and is based in Las Vegas, Nevada.

Buy -