NGF TOP 100 BUSINESSES IN GOLF
Blake Walker, Chairman, CEO and President
Jim Oliver, Chief Operating Officer
Julian Potter, Chief Financial Officer
April Miller, Senior VP, Talent Operations
Scott Siddons, General Counsel
Chris Crocker, Chief Marketing Officer
Andy Crosson, Executive VP, Acquisitions
Rich Thompson, Senior Portfolio Manager
Privately held Arcis Golf is one of the largest owner-operators of golf facilities in the U.S., with a collection of 65 private clubs, resort-style properties and daily fee courses in 14 states from coast to coast.
Established in March 2013, Dallas-based Arcis aims to offer memorable golf experiences, with each of its properties promoting a family-oriented lifestyle, and is committed to providing life-long sports programming, arts and entertainment offerings, as well as experiential dining.
“Around the country, we are thoroughly reinventing each of our clubs to be more relevant to today’s consumers and their families,” said Blake Walker, the founder and CEO of Arcis Golf. “We are re-imagining the way our members and guests live, connect, and play.”
Recognized as one of the fastest-growing private companies in America, Arcis has invested more than $400 million in acquisitions.
As part of its effort to reinvent the golf and country club lifestyle experience, Arcis Golf has allocated more than $60 million in major capital improvements to its facilities. The result has been award-winning clubhouse transformations, golf course renovations and other upgrades.
A recent example is Weston Hills, the company’s foray into golf-rich Florida. After taking over operations of the preeminent luxury lifestyle club in the greater Fort Lauderdale area, Arcis Golf invested significant resources to upgrade and invigorate facilities, programming and amenities. The modernization process encompassed landscaping, clubhouse and event spaces, and new food and beverage offerings. The golf transformation includes a multi-million dollar renovation of the club’s two 18-hole courses designed by Robert Trent Jones, Jr. and the building of a new short-game area.
Arcis Golf is supported by Arcis Equity Partners, LLC, a private-equity firm dedicated to making equity and debt investments in the real estate and leisure sectors. These strategic acquisitions have built and sustained Arcis Golf as a leader in upscale golf and lifestyle experiences. It’s biggest purchase to date was 46 courses from CNL Lifestyle Properties for $306 million in 2014.
Walker is the managing partner and CEO of Arcis Equity Partners in addition to his role as CEO of Arcis Golf. Prior to founding Arcis, he was an executive with several global private equity and leisure firms, making leveraged investments in under-performing, mismanaged and under-capitalized projects.
Arcis Golf also provides professional management services to third-party owners under its Arcis Advantage division.
Arcis owns and operates almost 20 courses in its home state of Texas, the most in its portfolio, but also has a strong presence in Arizona, California, Illinois and Ohio. It’s roster of properties ranges from to resort-style daily-fee courses like Cowboys Golf Club outside Dallas to private clubs like The Club at Snoqualmie Ridge in Washington.
Since entering the golf space, Arcis Golf has made a noteworthy splash with aggressive growth and a rapidly expanding course portfolio.
Financial backing from Fortress Investment Group, one of several private equity firms that invested in the golf industry after the Great Recession, helped fuel that momentum. But so too has a focus on lifestyle experiences at its facilities, with a special emphasis on enhanced off-course amenities.