KSL Capital Partners Acquires Heritage Golf Group
Private equity firm KSL Capital Partners has bought Heritage Golf Group from Tower Three Partners. The Heritage Golf Group portfolio includes three resort-style properties on Hilton Head Island in South Carolina (Port Royal Golf Club, Oyster Reef Golf Club, and Shipyard Golf Club), two championship TPC clubs in Sarasota and the greater Tampa Bay area in Florida (TPC Prestancia and TPC Tampa Bay), and a private country club in Richmond, Virginia (The Dominion Club). KSL favourite Mark Burnett, who has held previous leadership roles with other KSL portfolio companies, has been named President and CEO of Heritage. Burnett brings over 25 years of executive leadership in the golf industry, most recently as President and COO of ClubCorp.
“The opportunity to acquire Heritage Golf aligns with our strategy of purchasing high-quality assets in the travel and leisure industry,” said Marty Newburger, a Partner with KSL. “With Mark’s strong leadership, we look forward to improving the member and customer experience at each of the clubs and growing the portfolio through strategic acquisitions with a strong focus on private country clubs.”
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