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Troon Acquires Applied Golf Management, A New Jersey-Based Golf And

Jul 07, 2023•over 2 years ago

Acquiring Company

Troon

Acquired Company

Applied Golf Management

ScottsdaleOtherMedia And EntertainmentInformation Technology

Description

Troon®, the leader in providing golf and club-related leisure and hospitality services, is pleased to announce it has acquired Applied Golf Management, a New Jersey-based golf and hospitality management company. As part of the acquisition, Troon assumes management of Applied Golf’s portfolio of 13 public and private golf facilities in New York, New Jersey and Florida.

Company Information

Company

Troon

Location

Scottsdale, Arizona, United States

About

Headquartered in Scottsdale, Ariz., Troon is the world’s largest golf and club-related leisure and hospitality services company, providing services at 620-plus locations around the globe, including managing 640-plus 18-hole equivalent golf courses. In addition to golf, Troon specializes in homeowner association management, private residence clubs, estate management and associated hospitality venues. Troon’s award-winning food and beverage division operates and manages 610-plus food and beverage operations located at golf resorts, private clubs, daily fee golf courses and recreational facilities. With properties located in 45-plus states and 30-plus countries, Troon’s family of brands includes Troon Golf, Troon Privé, Troon International, Honours Golf, OB Sports, Indigo Golf Partners, CADDIEMASTER, True Club Solutions, Cliff Drysdale Tennis and RealFood Hospitality, Strategy and Design. Troon-affiliated properties include Indian Wells Golf Resort in Indian Wells, California; Yas Links Abu Dhabi in the United Arab Emirates; The Club at Savannah Harbor in Savannah, Georgia; and Lake of Isles in North Stonington, Connecticut. For additional news and information, visit www.Troon.com, or connect with Troon on Facebook, Twitter, Instagram, Troon Chronicles, Press Room, or subscribe to Troon Magazine.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed