PE Tech Report


Like this article?

Sign up to our free newsletter

Beemok Capital to acquire Cincinnati’s Western and Southern Open

Beemok Capital, the family office of businessman and philanthropist Benjamin Navarro, has entered into a definitive agreement to acquire Cincinnati’s Western and Southern Open tournament from the United States Tennis Association (USTA). Financial terms of the transaction have not been disclosed.

Navarro and Beemok Capital have demonstrated a years-long commitment to the advancement of tennis in the United States with substantial investments in programmes and infrastructure to support all levels of tennis development. Beemok also brings extensive operational and hospitality expertise to the Western and Southern Open, having recently completed a major renovation that transformed Charleston’s Credit One Stadium into a world-class tennis and concert venue. Credit One Stadium plays host to North America’s largest women’s only professional tennis tournament, the Credit One Charleston Open, acquired by Beemok in 2018. 

Beemok also operates two tennis complexes in the Charleston area that serve as host sites for USTA Pro Circuit events, the USTA Girls’ 18s National Clay Court Championship and a high performance tennis academy serving players aspiring to compete at the college and pro levels.

Completion of the transaction is subject to customary closing conditions and is expected to close in Q3 2022.

Like this article? Sign up to our free newsletter