ClubCorp is a privately held

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

corporation based in

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

and is the largest owner and operator of private golf and

country club A country club is a privately owned club, often with a membership quota and admittance by invitation or sponsorship, that generally offers both a variety of recreational sports and facilities for dining and entertaining. Typical athletic offer ...

s in the country. It owns or operates more than 200 golf and country clubs and business,

sports Sport pertains to any form of competitive physical activity or game that aims to use, maintain, or improve physical ability and skills while providing enjoyment to participants and, in some cases, entertainment to spectators. Sports can, th ...

and

alumni Alumni (singular: alumnus (masculine) or alumna (feminine)) are former students of a school, college, or university who have either attended or graduated in some fashion from the institution. The feminine plural alumnae is sometimes used for grou ...

clubs worldwide. Located in 26 states, the

District of Columbia ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, 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.

Management

The company was founded by the late Robert H. Dedman, Sr. (1926-2002) as Country Club, Inc., later renamed ClubCorp.https://www.nytimes.com/2002/08/21/business/robert-dedman-76-dallas-philanthropist.html Robert Dedman, 76, Dallas Philanthropist, ''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'', August 21, 2002Businessman Robert H. Dedman Sr. dies
''

Dallas Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

'', August 20, 2002 His son, Robert H. Dedman, Jr., became president in 1989 and

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

in 1998.Alan Shipnuck
The Prince Of Pinehurst
''

Sports Illustrated ''Sports Illustrated'' (''SI'') is an American sports magazine first published in August 1954. Founded by Stuart Scheftel, it was the first magazine with circulation over one million to win the National Magazine Award for General Excellence twic ...

'', June 14, 1999 His daughter, Patty Dedman Dietz, was previously on its board of directors. In 2002, its CEO was John A. Beckert. Private equity firm

KSL Capital Partners KSL Capital Partners is a Private-equity firm based in Denver, Colorado specializing in travel and leisure investments. Many of the investments have involved Colorado ski resorts. Since its founding in 2005, the firm has raised more than $13 billi ...

purchased the company in 2006.Glenn Hunter
ClubCorp’s Extreme Makeover
, '' D CEO'', 3.12.2008 ClubCorp Holdings, Inc. went public in 2013 and was traded on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

under the symbol MYCC until 2017 when the company was acquired by

Apollo Global Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...

. Eric L. Affeldt is a former CEO of the company.Bloomberg BusinessWeek
/ref> ''Golf'' magazine named him the most powerful person in golf in 2010 and 2014. ClubCorp hired David Pillsbury as the new CEO in June 2018

History

ClubCorp was founded by Robert H. Dedman on November 11, 1957, and construction began on Brookhaven Country Club in the

Farmers Branch Farmers Branch, officially the City of Farmers Branch, is a city in Dallas County, Texas, United States. It is an inner-ring suburb of Dallas and is part of the Dallas–Fort Worth metroplex. Its population was 28,616 at the 2010 census. Known ...

suburb of Dallas. Legendary golfer and famous Texan, Byron Nelson, served as the chairman of the advisory board during construction. Brookhaven held an open house in 1959 to show off the 26,000 square foot informal wing. In 1965, ClubCorp expanded to include city clubs, similar to country clubs but without golf courses. By the 1970s, ClubCorp served as the management consultant for more than 50 private clubs. In 1971, The University Club of Houston opens (Texas) near the Galleria complex and is the world's first indoor climate-controlled tennis complex. In the 1970s ClubCorp offered reciprocal privileges, meaning a member of any ClubCorp club could attend other clubs. In 1975, they bought 13 additional clubs, including the

Inverrary Country Club Inverrary Country Club is a 36-hole private golf club located in Lauderhill, Florida, northwest of Fort Lauderdale. Founded in 1970, both 18-hole courses were designed by Robert Trent Jones Sr. Tour events Inverrary East Course hosted a late wi ...

, home to the

PGA Tour The PGA Tour (stylized in all capital letters as PGA TOUR by its officials) is the organizer of professional golf tours in the United States and North America. It organizes most of the events on the flagship annual series of tournaments also k ...

. In 1976, ClubCorp Realty is formed to develop residential communities around country clubs. In 1981, ClubCorp acquired Firestone Country Club in Akron, OH, from the Firestone Family. Shortly after, in 1984, the company bought golf courses, hotels and other properties in

Pinehurst, North Carolina Pinehurst is a village in Moore County, North Carolina, United States. As of the 2010 census, the village population was 13,124. It is home of the historic Pinehurst Resort, a Golf resort, which has hosted multiple United States Open Champion ...

. After acquiring Pinehurst Resort, Club Resorts was founded in the management of destination golf and conference resorts. Resort Guests are treated as "Members for their Stay." They also bought

Mission Hills Country Club The Mission Hills Country Club is a country club in the western United States, located in Rancho Mirage, California, southeast of Palm Springs. Overview Among the facilities at the club are 3 championship golf courses (54 holes), 27 tennis court ...

Rancho Mirage, California Rancho Mirage is a city in Riverside County, California, United States. The population was 17,218 at the 2010 census, up from 13,249 at the 2000 census, but the seasonal (part-time) population can exceed 20,000. Incorporated in 1973 and located ...

and

Indian Wells Country Club Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asi ...

Indian Wells, California Indian Wells is a city in Riverside County, California, Riverside County, California, in the Coachella Valley. Incorporated in 1967, it lies in between the cities of Palm Desert and La Quinta, California, La Quinta. As of the 2010 Census, the c ...

Gleneagles Country Club Gleneagles may refer to: * Gleneagles (Scotland) * Gleneagles Hotel, Auchterarder, Scotland ** Gleneagles Agreement, signed and held at the Gleneagles Hotel **The 31st G8 summit held in July 2005 at Gleneagles Hotel, Scotland ** Gleneagles railway ...

West Plano, Texas West or Occident is one of the four cardinal directions or points of the compass. It is the opposite direction from east and is the direction in which the Sun sets on the Earth. Etymology The word "west" is a Germanic word passed into some ...

, Stonebriar Country Club in

Frisco, Texas Frisco is a city in Collin and Denton counties in the U.S. state of Texas. It is part of the Dallas–Fort Worth metroplex and about from both Dallas Love Field and Dallas/Fort Worth International Airport. Its population was 200,509 at the 2 ...

and Las Colinas Country Club in

Irving, Texas Irving is a city in the U.S. state of Texas. Located in Dallas County, it is also an inner ring suburb of Dallas. The city of Irving is part of the Dallas–Fort Worth metroplex. According to a 2019 estimate from the United States Census Bureau, ...

. They also bought The Homestead in

Hot Springs, Virginia Hot Springs is a census-designated place (CDP) in Bath County, Virginia, United States. The population as of the 2010 Census was 738. It is located about southwest of Warm Springs on U.S. Route 220. Hot Springs has several historic resorts, fo ...

in 1993,

Barton Creek, Austin, Texas Barton may refer to: Places Australia * Barton, Australian Capital Territory, a suburb of Canberra * Division of Barton, an electoral district in New South Wales * Barton, Victoria, a locality near Moyston Canada * Barton, Newfoundland and ...

and

Daufuskie Island Daufuskie Island, located between Hilton Head Island and Savannah, is the southernmost inhabited sea island in South Carolina. It is long by almost wide – approximate surface area of (5,000 acres). With over of beachfront, Daufuskie is sur ...

off

Hilton Head, South Carolina Hilton Head Island, sometimes referred to as simply Hilton Head, is a South Carolina Lowcountry, Lowcountry resort town and barrier island in Beaufort County, South Carolina, United States. It is northeast of Savannah, Georgia, and southwest of C ...

. In 1986, ClubCorp began publishing Private Clubs magazine as a vehicle for communicating to members. In 1998, Private Clubs earned the distinction of having the most affluent audience in America. In 1998, ClubCorp entered into an agreement for Golden Bear International,

Jack Nicklaus Jack William Nicklaus (born January 21, 1940), nicknamed The Golden Bear, is a retired American professional golfer and List of golf courses designed by Jack Nicklaus, golf course designer. He is widely considered to be one of the greatest go ...

's company, to design 36 new golf courses, co-owned and operated by ClubCorp. In 1999, they partnered with the American Golf Corporation to buy 45 properties from Cobblestone Golf for $393 million. It also became ClubLink Corp.'s largest shareholder for $32.5 million; ClubLink Corp. owned 23 golf courses in

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. It has also partnered with

PGA European Tour The European Tour (currently known as the DP World Tour for sponsorship reasons), legally the PGA European Tour is the leading men's professional golf tour in Europe. The organisation also operates the European Senior Tour (for players aged fift ...

to build more golf courses outside the United States. In 2014, ClubCorp acquired Sequoia Golf Holdings, Inc. For $265 million, expanding its portfolio by 30 percent. The 50 owned-and-operated clubs included The Woodlands Country Club, home of the Champions Tour's Insperity Invitational. In March 2017, ClubCorp announced the acquisition of the Rockville, Maryland-based club, Norbeck Country Club. The acquisition was the third of the year.

Timeline

1957: Robert H. Dedman Sr. Founds ClubCorp on November 11. 1960: Brookhaven Country Club holds its grand opening on Easter Sunday in the recently completed clubhouse, becoming the world’s largest golf club at the time. 1966: The Lancers Club, ClubCorp’s first city club, opens in downtown Dallas, Texas. 1968: The University Club of Jacksonville, Florida opens as ClubCorp’s first city and athletic club. 1974: The Metropolitan Club opens in the Sears (now Willis) Tower in Chicago, Illinois. 1981: ClubCorp acquires

Firestone Country Club Firestone Country Club is a private golf club in the United States, located in Akron, Ohio. It was a regular stop on the PGA Tour and has hosted the PGA Championship three times. It is the current home of the Bridgestone Senior Players Championshi ...

in Akron, Ohio. Firestone Country Club was established in 1929 by Harvey Firestone and hosts the World Golf Championships – NEC Invitational (known today as the

WGC-Bridgestone Invitational The WGC Invitational was a professional golf tournament that was held in the United States. Established in 1999 as a successor to the World Series of Golf, it was one of three or four annual World Golf Championships (WGC) until 2021, when the n ...

). 1984: ClubCorp acquires Pinehurst Resort and Country Club in Pinehurst, NC for $16,000,000 from a consortium of 4 banks who wrote off $100,000,000 in debt. Within 5 years, Pinehurst was making more annually than its acquisition cost. Pinehurst #2 has hosted 2 United States Open Golf Championships plus the upcoming 2014 tournament. 1993: In October, ClubCorp assumes the management and co-ownership of The Homestead in Hot Springs, Virginia, and Barton Creek Resort & Spa in Austin, Texas. 1994: ClubCorp develops and opens Capital Club in Beijing; and the U.S. Senior Open is conducted at Pinehurst in July. 1996: ClubCorp develops and opens Tower Club in Singapore. 1998: Alumni clubs

Boston College Boston College (BC) is a private Jesuit research university in Chestnut Hill, Massachusetts. Founded in 1863, the university has more than 9,300 full-time undergraduates and nearly 5,000 graduate students. Although Boston College is classifie ...

Club and University of Texas Club open. 1999: ClubCorp purchases 16 golf and country clubs from the Cobblestone Golf Group, and hosts one of the most successful U.S. Open Championships in history at Pinehurst. 2005: ClubCorp hosts the U.S. Open at Pinehurst; and University of Massachusetts Club opens. 2006: KSL acquires ClubCorp. 2010: ClubCorp acquires The Country Club of the South in Georgia. The Club, with its signature Jack Nicklaus course, further expands the ClubCorp portfolio in the greater Atlanta market. Also in Atlanta, the historic Commerce Club aligns with the One Ninety One Club to form the new renovated and expanded Commerce Club. ClubCorp develops and opens The Texas Tech Club in Lubbock, Texas. 2011: ClubCorp expands in New York (The Hamlet, Willow Creek and Wind Watch golf and country clubs) and Washington state (Canterwood Golf & Country Club). 2012: ClubCorp adds Mission Hills Golf Club & Resort in China to its network of properties in its reciprocal access program. ClubCorp expands its club management portfolio with LPGA International and Hollytree Country Club, and acquires Hartefeld National. The iconic Houston Club joins forces with Downtown Clubs of Houston’s Plaza location to form the new Houston Club in a new, renovated location at One Shell Plaza. 2013: ClubCorp expands in Oklahoma (Oak Tree Country Club) and New Jersey (Cherry Valley Country Club).Official website, History
/ref> ClubCorp sells 5 resorts to

Omni Hotels & Resorts Omni Hotels & Resorts is an American privately held, international luxury hotel company based in Dallas, Texas. The company was founded in 1958 as Dunfey Hotels, and operates 50 properties in the United States, Canada, and Mexico, totaling over 2 ...

. 2014: ClubCorp acquires Sequoia Golf which includes 43 private, 6 public golf and country clubs and 1 sports club. Additional acquisitions included Rolling Green Country Club and Ravinia Green Country Club in the Chicago area, and Oro Valley Country Club in Arizona. 2015: ClubCorp acquires six clubs in one purchase in North Carolina (Bermuda Run Country Club and Firethorne Country Club), Georgia (Brookfield Country Club), Virginia (Ford's Colony Country Club), Tennessee (Temple Hills Country Club) and Florida (Legacy Golf Club at Lakewood Ranch). 2016: ClubCorp announces closure of University Club in Jacksonville Florida, effective Dec 20, 2016. 2017: On September 18, ClubCorp is acquired by Certain Investment Funds Affiliated with Apollo Global Management in an All-Cash Transaction Valued at $1.1 Billion. Shareholders received $17.12 per share. The stock MYCC is removed from the NYSE. 2018: ClubCorp hired David Pillsbury as the new CEO in June 2018

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 most prestigious contests in the magazine industry, the FOLIO: Awards. By 2020, ''Private Clubs'' had transitioned into a digital-only publication and changed its name to ''ClubLife.''

Charity Classic

Founded in 2007, the annual ClubCorp Charity Classic is one of the world’s largest golf and dining charity events. Each year, private clubs in the ClubCorp family are open to the public for a variety of charity events nationwide including golf and tennis tournaments, swim-a-thons, 5k runs, carnivals and chili cook-offs.

References

External links

ClubCorp Corporate

Private Clubs Magazine

Firestone Country Club

Mission Hills Country Club

Gleneagles Country Club

Las Colinas Country Club
{{DEFAULTSORT:ClubCorp Entertainment companies established in 1957 Companies based in Dallas 1957 establishments in Texas