ClubCorp purchases Sequoia Golf, The Woodlands Country Club included in sale

THE WOODLANDS, Texas - On August 13, Sequoia Golf, a Georgia-based company, announced the sale of its stock and assets to ClubCorp for $265 million. More than 50 country clubs and golf courses are owned and leased by Sequoia, including The Woodlands Country Club. The deal will give Sequoia increased capital with plans to modernize properties to offer more programs and services to members.

In a press release issued by Sequoia Golf, President and CEO Joe Guerra stated that the “sale to ClubCorp is very exciting for Sequoia and members.” Guerra went on to say that Club Corp “is known for maintaining extremely high standards in club management.”

Sequoia Golf was created by Guerra and founding partner, Parthenon Capital in 2003. The company soon spread with golf and country clubs now all over the U.S. Guerra believes that the shift of ownership will be best for the interests of Sequoia and lead to opportunities for its members.

Stationed in Dallas, ClubCorp’s acquisition of Sequoia Golf will increase their amount of private clubs from 159 to 209. With the sale, Club Corps increased its appearance in two key markets: Atlanta and Houston.