Bain Capital buys Concert Golf from Clearlake to fuel club growth

Bain Capital has agreed to acquire Concert Golf Partners from Clearlake Capital Group, marking another private equity handover in the U.S. leisure sector. The transaction, whose financial terms were not disclosed, transfers control of a 39‑club portfolio to Bain’s combined Private Equity and Real Estate teams and positions the business for a new phase of organic investment and selective expansion.

Founded in Lake Mary, Florida, Concert Golf Partners operates a curated collection of private golf and country clubs delivering golf, dining, fitness and events. Under Clearlake’s ownership — which began in March 2022 — the business pursued an active growth plan: management completed 14 add‑on acquisitions and, by Clearlake’s account, substantially increased both top‑line sales and operating margins through its O.P.S.® (Operations, People, Strategy) playbook.

Clearlake principals José E. Feliciano and Arta Tabaee framed the exit as the culmination of a multi‑year operational programme that professionalised club management and expanded the platform’s footprint. Concert Golf’s chief executive, Peter Nanula, said the change in ownership will allow the company to continue investing in facilities and member services while retaining each club’s local identity.

From Bain’s side, partners Jennifer Davis and Joe Robbins described the opportunity as a bet on further consolidation and premiumisation in private clubs — a sector where scale can fund meaningful upgrades to clubhouses, food & beverage, and year‑round programming. Bain’s dual Private Equity and Real Assets capabilities give it access to capital and operational resources tailored for asset‑heavy leisure businesses.

Market observers note that high‑quality, metropolitan‑adjacent clubs remain attractive to buyers because they combine predictable dues income with discretionary spend on events and hospitality. For sponsors like Bain, the path to value typically includes targeted capital expenditure, data‑driven member retention, and further bolt‑on acquisitions that increase purchasing power and cross‑club offerings.