ClubCorp

Last updated
ClubCorp Holdings, Inc
Industryclubs
Founded1957;67 years ago (1957) in Dallas, Texas
Founder Robert H. Dedman, Sr.
Headquarters
Dallas, Texas
Number of locations
192 (2022)
Area served
 United States, Mexico
Key people
David Pillsbury (CEO)
Owner Apollo Management Holdings
Members430,000+ (2018)
Number of employees
20,000+ (2018)
Website www.invitedclubs.com

ClubCorp (formerly ClubCorp Holdings, Inc) is an American corporation based in Dallas. [1] It owns and operates more than 200 golf country clubs, businesses, sports and alumni clubs worldwide. Located in 26 states, the District of Columbia, and 2 countries outside of the United States (Mexico and China), the company and its clubs have more than 430,000 members and employ around 20,000 people. [2]

Contents

History

The company was founded by the late Robert H. Dedman, Sr. (1926-2002) as Country Club, Inc., later renamed ClubCorp. [3] [4] His son, Robert H. Dedman, Jr., became president in 1989 and CEO in 1998. [5] His daughter, Patty Dedman Dietz, was previously on its board of directors. [5] In 2002, its CEO was John A. Beckert. [6] Private equity firm KSL Capital Partners bought the company in 2006. [6] ClubCorp Holdings, Inc. went public in 2013 and was traded on the New York Stock Exchange under the symbol MYCC until 2017 when the company was acquired by Apollo Global Management. [7] [8]

Eric L. Affeldt is a former CEO of the company. [9] [10] Golf magazine named him the most powerful person in golf in 2010 [11] and 2014. [12]

In 1981, ClubCorp acquired Firestone Country Club in Akron, OH, and in 1984, bought golf courses, hotels, etc, in Pinehurst, North Carolina. ClubCorp also bought the Mission Hills Country Club, Indian Wells Country Club, Gleneagles Country Club, Stonebriar Country Club, and the Las Colinas Country Club. [5] [6] Others include The Homestead in 1993, Barton Creek, Austin, Texas and Daufuskie Island. In 1998, ClubCorp entered into an agreement for Golden Bear International, Jack Nicklaus's company, to design 36 new golf courses, co-owned and operated by ClubCorp. [5]

ClubCorp hired David Pillsbury as the new CEO in June 2018 [13]

Private Clubs magazine

In 1986, ClubCorp began publishing its own travel and lifestyle magazine, Private Clubs. The magazine was an award winner in one of the contests in the magazine industry, the FOLIO: Awards. [14] By 2020, Private Clubs had transitioned into a digital-only publication and changed its name to ClubLife. [15]

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References

  1. ↑ "Massive course owner and operator ClubCorp announces company rebrand to Invited". Golfweek. 2022-04-22. Retrieved 2023-02-21.
  2. ↑ "ClubCorp Announces Agreement to Acquire a Collection of Six Golf Clubs". PRNewswire (Press release). prnewswire.com. Retrieved 2015-12-10.
  3. ↑ "Robert Dedman, 76, Dallas Philanthropist". The New York Times. Associated Press. 2002-08-21. ISSN   0362-4331 . Retrieved 2023-02-16.
  4. ↑ Businessman Robert H. Dedman Sr. dies, Dallas Business Journal , August 20, 2002
  5. 1 2 3 4 Alan Shipnuck , The Prince Of Pinehurst, Sports Illustrated , June 14, 1999
  6. 1 2 3 Glenn Hunter, ClubCorp’s Extreme Makeover Archived 2013-07-09 at the Wayback Machine , D CEO , 3.12.2008
  7. ↑ Smith, Geoffrey. "Apollo Spends $1.1 Billion to Make Golf Great Again". Fortune. Retrieved 16 January 2018.
  8. ↑ Picker, Leslie (20 September 2013). "ClubCorp Raises $252 Million Pricing IPO Below Marketed Range". Bloomberg.com. Retrieved 2015-12-10.
  9. ↑ "Clubcorp, Inc.: Private Company Information - BusinessWeek". BusinessWeek. Archived from the original on February 10, 2009.
  10. ↑ "Official website, Executive Leadership".
  11. ↑ "ClubCorp Claims Most Powerful Honor in Golf Inc.' Annual Ranking". Golf Inc. Magazine. 3 November 2010. Retrieved 1 March 2012.
  12. ↑ "You probably don't know who the most powerful person in golf is (sorry Donald, it's not you) | Golf Digest". Golf Digest. Retrieved 2015-12-10.
  13. ↑ "Pillsbury is new CEO of ClubCorp, Burnett to leave | Golf Inc. Magazine". 12 June 2018.
  14. ↑ "Private Clubs Magazine Wins Four FOLIO: Awards For Content And Design Excellence". 14 February 2011. The Street. Archived from the original on 12 October 2012. Retrieved 29 July 2011.
  15. ↑ "CLUBCORP CLUB MEMBER GOLF MAGAZINE FAQ". Golf. Retrieved 2021-07-20.
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