Key Takeaways
- • Clearlake Capital Group completed its exit from Concert Golf Partners, selling its stake to Bain Capital's Private Equity and Real Estate teams on November 17, 2025, with transaction terms undisclosed.
- • During its ownership period from March 2022 to November 2025, Clearlake doubled both revenue and profitability at Concert Golf while executing 14 strategic acquisitions to expand the portfolio.
- • Concert Golf operates 39 private golf and country club locations across the United States, offering integrated services in golf, fine dining, fitness, banquets, and events from its Lake Mary, Florida headquarters.
- • Clearlake leveraged its proprietary O.P.S.® framework to drive operational transformation and accelerated growth, positioning the company as a "premier full-service lifestyle platform" during the investment period.
- • Bain Capital's investment, combining expertise from both Private Equity and Real Estate divisions, is intended to support Concert Golf's continued expansion and long-term strategic development.
Summary
Clearlake Capital Group announced the completion of its exit from Concert Golf Partners on November 17, 2025, with Bain Capital acquiring the stake through a joint effort of its Private Equity and Real Estate teams. The transaction represents the conclusion of Clearlake's approximately three-year ownership period, which began in March 2022. While specific transaction valuation and terms were not disclosed, the deal underscores Clearlake's stated ability to create value in sector-focused investments and transition portfolio companies to larger growth platforms.
Concert Golf Partners operates as a premier owner-operator of 39 private golf and country clubs distributed across the United States. Based in Lake Mary, Florida, the company delivers a comprehensive member experience encompassing golf operations, fine dining, fitness facilities, banquets, and event services. During Clearlake's ownership, the company transformed into what management characterized as a "premier full-service lifestyle platform," reflecting a strategic shift toward integrated amenities beyond traditional golf operations.
Clearlake's value creation during the investment period centered on its proprietary O.P.S.® operational framework, which the firm credits with driving accelerated growth and profitability expansion. The firm doubled both revenue and profitability metrics while orchestrating 14 strategic acquisitions to expand Concert Golf's geographic footprint and operational scale. José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Arta Tabaee, Partner and Managing Director, emphasized that the partnership exemplified their "sector-focused flexible investment strategy," noting that the team successfully promoted profitable growth while transforming the business for its next growth phase.
With Bain Capital now assuming ownership, the investment combines the firm's Private Equity and Real Estate expertise to support Concert Golf's continued expansion and long-term strategy. The transition suggests confidence in the business model established during Clearlake's tenure and positions Bain Capital to leverage its own operational and real estate capabilities to drive further value creation in the premium golf and country club sector.
Concert Golf Partners operates as a premier owner-operator of 39 private golf and country clubs distributed across the United States. Based in Lake Mary, Florida, the company delivers a comprehensive member experience encompassing golf operations, fine dining, fitness facilities, banquets, and event services. During Clearlake's ownership, the company transformed into what management characterized as a "premier full-service lifestyle platform," reflecting a strategic shift toward integrated amenities beyond traditional golf operations.
Clearlake's value creation during the investment period centered on its proprietary O.P.S.® operational framework, which the firm credits with driving accelerated growth and profitability expansion. The firm doubled both revenue and profitability metrics while orchestrating 14 strategic acquisitions to expand Concert Golf's geographic footprint and operational scale. José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Arta Tabaee, Partner and Managing Director, emphasized that the partnership exemplified their "sector-focused flexible investment strategy," noting that the team successfully promoted profitable growth while transforming the business for its next growth phase.
With Bain Capital now assuming ownership, the investment combines the firm's Private Equity and Real Estate expertise to support Concert Golf's continued expansion and long-term strategy. The transition suggests confidence in the business model established during Clearlake's tenure and positions Bain Capital to leverage its own operational and real estate capabilities to drive further value creation in the premium golf and country club sector.
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