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ClubCorp Announces Plans to Acquire Sequoia Golf
We are excited to announce that we have signed an agreement to acquire Sequoia Golf. With this planned addition, we are thrilled to welcome new Members and 50 new owned and operated clubs to the ClubCorp family.
The intended acquisition of the Atlanta-based company is set to take place in the fourth quarter of 2014, expanding our Atlanta, Houston, Chicago and Denver Communities.
Sequoia Golf was founded in 2002 by an industry leader, Joe Guerra, in partnership with Parthenon Capital Partners. The company’s portfolio includes the renowned Woodlands Country Club, located near Houston in The Woodlands, Texas and host of one of the PGA Champions Tour’s biggest events, the Insperity Invitational, since 2008. Sequoia Golf, which includes the Canongate Golf collection, consists of 30 owned clubs, three leased, and a select group of managed clubs.
The addition of Sequoia Golf will provide many new benefits to our combined membership base including enhanced golf and dining benefits throughout our industry-leading network and expanded value in our O.N.E network offerings.
For more information on Sequoia Golf, visit www.sequoiagolf.com.