Concert Golf Partners, a Newport Beach-based golf club owner and operator, acquired MacGregor Downs Country Club in Cary, N.C. Terms of the transaction were not disclosed.
MacGregor Downs, which has more than 650 members, had been owned by its members since the 1980s. The new owner said it’s planning a “multi-million dollar agenda of capital projects” at the now debt-free club.
Concert Golf, headed by Peter Nanula, has acquired seven clubs since 2011, including Gaillardia Golf and Country Club in Oklahoma City and Legacy Club at Alaqua Lakes in Orlando, Fla.
It is an affiliate of Seattle-based wealth management firm Freestone Capital Management, where Nanula serves as a managing director.
―Jane Yu
