DALLAS--(BUSINESS WIRE)--Century Golf Partners, owner of Arnold Palmer Golf Management (“APGM”), announced the acquisition of TOUR GCX (“TOUR”), which comprises a network of exclusive private golf and country clubs providing TOUR members, individuals and corporations with special access to play golf and entertain guests. For nearly eight years, APGM and TOUR have enjoyed an affiliate relationship that allows TOUR members to access golf privileges at APGM's portfolio of private clubs. The two companies have now merged into a single company under Century’s ownership.
“We are very excited about the acquisition of TOUR and its talented leadership team. We have enjoyed an outstanding relationship and share a common vision for the future of the company. With our combined resources we look to accelerate the growth of our private club network and improve benefits for our members and affiliate club partners," said Doug Howe, Century Golf Partner and COO. He continued, "This merger provides us the opportunity to bring our network expertise and trusted brands together to create unique member offerings and extraordinary experiences on a global basis.”
Kenny Dichter, TOUR’s Chairman, added, “Our close relationship with Century Golf and its senior management team made this combination a natural fit for TOUR. I am excited about the company going to the next level in partnership with Arnold Palmer Golf Management.”
“The acquisition by Century allows us to combine assets, affiliate relationships and resources to deliver the best in category golf, travel and lifestyle member benefits to select corporate partners and members of luxury service providers. I very much look forward, in concert with Century’s management team, to leading the next chapter as we continue to enhance our member and private club industry value proposition," said Jonathan Halpern, CEO of TOUR.”
About TOUR GCX
Founded in 2004 and headquartered in New York City, TOUR was developed to meet the needs of today’s affluent individual and corporate golfer by providing a new way to access and utilize private golf and country clubs under a stored value membership model. Participating private clubs benefit from a membership program that allows them to convert underutilized inventory into additional revenue. At the same time, clubs gain exposure to TOUR's affluent golfing members and their guests.
About Arnold Palmer Golf Management
Arnold Palmer Golf Management is owned by Century Golf Partners, one of the leading and most experienced companies in the golf industry. Established to acquire and manage country clubs, resorts, daily fee golf courses and club networks, Century’s business approach is to be a comprehensive business partner as well as an exceptional operator. They have a successful track record of partnering with owners, members, and communities to help clubs and golf courses succeed through added benefits from their networks.