Concert Golf Partners (Concert Golf or CGP) has received a strategic investment from Centroid Investment Partners (Centroid), a Seoul-based private equity firm and the owner of TaylorMade Golf Company (TaylorMade).
Centroid joins Clearlake Capital Group (Clearlake) and management as investors in Concert Golf, a boutique owner-operator of private golf and country clubs focused on providing premium lifestyle offerings and amenities for its members.
Financial terms of the transaction have not disclosed.
Clearlake originally invested in Concert Golf in partnership with the founding management team in April 2022. Since Clearlake’s investment, Concert Golf has welcomed several new private clubs to its portfolio and continued its track record of executing capital investments and improving service offerings for its membership base. In addition to providing incremental primary capital, Centroid’s active participation in the golf industry brings further sector expertise and partnership opportunities to build on Concert Golf’s mission of enhancing its membership experience.
As a part of the investment, Kangmin Shin will join the Concert Golf Board of Directors as an observer. The Company also announced the appointment of Paul Major to the Board of Directors. Major joins the Concert Golf board with extensive experience in the golf industry including formerly serving as CEO of American Golf Corporation and President of Los Angeles Country Club.
