Can't Putt? Buy the Hole

September 4, 2014Article

ClubCorp spent $265M acquiring Sequoia Golf. We spent just a fraction of that tracking down Greenberg Glusker's Steve Lurie, who repped the seller and management team.

Atlanta-based Sequoia operates 50 private and public golf facilities nationwide, including Spanish Hills in Camarillo, Rancho Vista Golf Club in Palmdale, and Old Ranch Country Club in Seal Beach. Steve helped CEO Joe Guerra form Sequoia and acquire the first seven courses that launched the company in 2002, as well as all the subsequent properties in a JV with Parthenon Capital. ClubCorp plans a course of "reinvention" projects for the greens, plus updates to dining and social gathering facilities. Steve admits his own golf game could be better—he modestly pegs his handicap at 24.

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