Health and Fitness Club Industry News: Chains
Sunday, June 21st, 2026
ClubCorp Enters into a Definitive Agreement to be Acquired by Certain Investment Funds Affiliated with Apollo Global Management in an All-Cash Transaction Valued at $1.1 Billion
Posted: July 9, 2017 in Chains
DALLAS, TX and NEW YORK, N.Y. - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC), announced that it has entered into a definitive agreement with affiliates of certain investment funds (the "Apollo funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE:APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1 billion. The all-cash transaction represents a premium of approximately 30.7% over ClubCorp’s closing stock price on July 7, 2017. Read More...
ClubCorp Announces 5th Acquisition in 2017 With Purchase of Medina Golf & Country Club in Medina, Minnesota
Posted: June 22, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Medina Golf & Country Club, a formerly member-owned private club, in Medina, Minnesota, just west of downtown Minneapolis. This is the first club in Minnesota for ClubCorp, expanding the company’s presence to 28 states. ClubCorp plans to spend more than $2.5 million over the first two years to reinvent the club bringing new contemporary dining and lifestyle features to the clubhouse and patio, plus improvements to the golf course, golf practice facilities and aquatics. Read More...
Topgolf and ClubCorp Team Up to Accelerate Innovation for Golf Industry
Posted: June 20, 2017 in Chains
DALLAS, TX - Topgolf, a global leader in sports entertainment with the world's largest digital golf audience, is teaming with ClubCorp – The World Leader in Private Clubs (NYSE: MYCC) to grow interest and participation in golf among Topgolf's 10.5 million players and ClubCorp's 430,000 members. The strategic alliance will result in Topgolf providing new technology and benefits for ClubCorp members and ClubCorp providing special offers and experiences at ClubCorp clubs. Read More...
ClubCorp Reports 12th Consecutive Quarter of Growth, Announces Acquisition of Oakhurst Golf and Country Club and “The Collective” a New Club Concept
Posted: April 26, 2017 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announces financial results for its fiscal-year 2017 first quarter ended March 21, 2017. The first quarter of fiscal 2017 and fiscal 2016 consisted of 12 weeks. All growth percentages refer to year-over-year progress. First quarter revenue was $221.3 million, up 3.0%, net loss decreased $0.8 million to $7.5 million, and adjusted EBITDA was $43.7 million, up 4.2%; ClubCorp acquires Oakhurst Golf and Country Club in Clarkston, Michigan; ClubCorp signs lease to open a new concept business / social club "The Collective" in Seattle, Washington; Eric Affeldt announces his intention to retire from his role as Chief Executive Officer upon the appointment of his successor. Read More...
ClubCorp CEO Eric Affeldt to Retire
Posted: April 12, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announced that Eric Affeldt intends to retire from his role as Chief Executive Officer upon the appointment of his successor. As part of its regular CEO succession planning process, the Board has identified a strong internal candidate and will engage a leading executive search firm to identify additional, highly qualified, external candidates. Read More...
ClubCorp and Alexandria Real Estate Equities Launch New, Dynamic Club in Seattle
Posted: April 10, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces with Alexandria Real Estate Equities, Inc. (NYSE:ARE), the leader in collaborative life science and technology campuses, plans for The Collective, a new club in the heart of South Lake Union. Slated to open in March 2018, The Collective will connect Seattle’s growing community of innovators and creatives, as well as provide them with an urban escape for the mind, body and soul. Read More...
ClubCorp Announces Third Acquisition in 2017 with Purchase of Norbeck Country Club
Posted: March 14, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Norbeck Country Club, a premier country club in Rockville, Maryland, just north of Washington, D.C. This marks the third acquisition this year for ClubCorp, which plans a multimillion-dollar reinvention of the club that will feature new dining amenities, and improvements and upgrades to the club over the next two years. Read More...
ClubCorp Reports Sixth Consecutive Year of Record Results, and Announces Acquisition of North Hills Country Club
Posted: February 22, 2017 in Chains
DALLAS, TX - ClubCorp - The World Leader in Private Clubs (NYSE:MYCC) - announced financial results for its fiscal-year 2016 fourth quarter ended December 27, 2016. The fourth quarter of fiscal 2016 and fiscal 2015 consisted of 16 weeks. Fiscal 2016 and fiscal 2015 consisted of 52 weeks. All comparisons are year-over-year. Fiscal 2016 revenue was $1.1 billion, up 3.4%, net income increased $13.6 million to $4.0 million, and adjusted EBITDA was $247.7 million, up 6.2%; Fourth quarter revenue was $345.3 million, up 4.1%, net income increased $11.7 million to $5.4 million, and adjusted EBITDA was $83.3 million, up 4.7%; ClubCorp acquires North Hills Country Club in Glenside, Pennsylvania. Read More...
ClubCorp Charity Classic Raises Record-Breaking $3,053,312
Posted: February 15, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announced that, through its Charity Classic events, the company raised $3,053,312 in 2016, breaking its previous all-time fundraising record set in 2015. The Charity Classic, ClubCorp’s major philanthropic effort benefiting over 100 national and local charitable organizations, Augie’s Quest/ALS Therapy Development Institute and ClubCorp’s E.P.C.F., has now raised more than $20.3 million since its inception in 2007. Read More...
ClubCorp Acquires Eagle’s Nest Country Club
Posted: February 8, 2017 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs (NYSE:MYCC) – announces the acquisition of Eagle’s Nest Country Club, a premier member-owned country club located in Maryland, just north of Baltimore. ClubCorp plans to spend more than $1 million on capital projects that will bring new amenities, improvements and upgrades to the club. Read More...
ClubCorp Reviewing Strategic Alternatives
Posted: January 12, 2017 in Chains
DALLAS, TX - ClubCorp Holdings, Inc. - The World Leader in Private Clubs (NYSE:MYCC) - announced that the Board of Directors has established a Strategic Review Committee, which, with the assistance of financial advisors, is reviewing and evaluating alternatives to further enhance shareholder value. Read More...
