McIlroy invests in Golf Management company Troon

by | Nov 15, 2021 | 0 comments

Rory McIlroy (Photo by Christian Petersen/Getty Images)

IrishGolfer.ie

Must Read

Rory McIlroy says he’s “delighted to invest” in Troon, a US-based Golf Management company that revealed both McIlroy’s ‘Symphony Ventures’ investment fund and TPG Capital had committed to a significant partnership deal.

The strategic investment will see TPG Capital and Symphony Ventures provide Troon with additional capital, resources, and expertise to build on its market leading position. Existing investor Leonard Green & Partners (“LGP”) will retain a significant investment in the business.

“I am delighted to invest in the Troon business as they continue to deliver great golf experiences,” said McIlroy, who tees up this week in the DP World Tour Championship in Dubai. “They really understand what makes golf special.”

Tim Schantz, CEO of Troon added:

“Today’s announcement is an exciting milestone for our company, and we are incredibly proud to welcome TPG and Rory to the Troon family. Golfers are at the core of everything we do at Troon, and over the years we have built a business that combines deep industry expertise with hospitality-calibre customer service to help our clients create first-class experiences for their customers, members, and guests.

“The investment from TPG, a leading investor and business builder, is a testament to the quality and strength of our offering. We look forward to working with them and the team at LGP to continue accelerating our growth while providing even more resources for our valued clients and partners.”

Troon currently provides operational, management, and advisory services to more than 620 golf and leisure facilities globally. Troon’s services can be tailored to each location’s specific needs and strategic direction, from agronomy and course development, to membership sales and marketing, and community association management. In addition to its third-party management offering, Troon owns or leases more than 50 courses that it operates directly, including the company’s flagship property, Troon North Golf Club in Scottsdale.

“Through its impressive scale and operating expertise, Troon has developed a trusted brand that delivers differentiated value to its clients, creating superior experiences for golfers everywhere,” said Paul Hackwell, Partner at TPG Capital. “We are excited to be partnering with this great group of investors, operators, and experts to help Troon reach its next level.”

“Troon is providing the gold standard for upscale golf experiences and is recognised by golfers and clubs alike for its high-quality courses and leading management solutions,” said Jeff Rhodes, Co-Managing Partner of TPG Capital. “The company is well-positioned to expand its market leadership within the industry, at a time when both new and long-time golfers are spending more time on the course.”

The transaction is expected to close in December and is subject to regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.

Stay ahead of the game. Subscribe to our newsletter to get the latest Irish Golfer news straight to your inbox!

0 Comments

Submit a Comment

Your email address will not be published.

Stay ahead of the game. Subscribe to our newsletter to get the latest Irish Golfer news straight to your inbox!

0 Comments

Submit a Comment

Your email address will not be published.

Latest News