Dallas, Texas – Eagle Golf (“Eagle”) today announced a partnership with Arcis Equity Partners (“Arcis”) to recapitalize one of the largest golf management firms in the United States. Terms of the transaction were not disclosed by Arcis. Joe Munsch, currently President and CEO of Eagle, will continue to run the company’s day-to-day operations as President and Blake Walker, CEO and Managing Partner of Arcis, will serve as Chairman and CEO.
Established in 1984 and headquartered in Dallas, Eagle currently operates 29 golf properties across seven states. Eagle will continue to manage the properties in its existing portfolio and, additionally, will take on the management of properties acquired by Arcis as part of its imminent purchase of CNL Lifestyle Properties’ golf portfolio (“CNL”). Including the investments in Eagle and CNL, Arcis has invested in 73 golf assets throughout the United States over the past 14 months. The combined portfolio will include such notable assets as Cowboys Golf Club, Raven Golf Club – Phoenix, Tatum Ranch Golf Club, and Ruffled Feathers Golf Club.
Of the new partnership, Joe Munsch said, “With Arcis’ support, Eagle is now poised to expand its reach throughout the United States and into the private club market. Arcis’ investments over the past 14 months are a testament to its commitment to both golf and value creation.”
Blake Walker said, “Eagle presents an exciting opportunity to back a high quality management team and to continue making investments in the golf sector. Eagle is a best-in-class operator with an established track record and strong customer relationships. Going forward, Arcis will continue to invest to support the growth of Eagle’s existing business and to develop a broader, full-service management platform.”
About Eagle Golf
Eagle Golf Management is a Dallas-based company that has managed municipal, public and private golf facilities throughout the United States since 1984, providing a full suite of management services to courses in all sectors. Over the last 30 years, the company has demonstrated a measurable track record of success in managing golf facilities due to its deep understanding of the golf industry and constant focus on the future of the game. More information can be found at www.eaglegolf.com.
About Arcis Equity Partners
Arcis Equity Partners, LLC is a private equity firm dedicated to making equity and debt investments in the real estate and leisure sectors. Arcis’ strategic objective is to generate superior risk-adjusted returns by creating strong partnerships with management and driving value creation through growth – not financial engineering. The company seeks to partner with high-quality management teams and commit its collective experience and resources to accelerate growth and build lasting value for their companies.