Investment to further enhance member experience and expand portfolio of best-in-class properties. Heritage recapitalized as part of Tower Three investment.
SAN DIEGO – Heritage Golf Group, a leading owner and operator of premier private, resort and daily fee golf properties, announced that it has been recapitalized as part of a majority investment from Tower Three Partners, a leading operationally-oriented private equity firm.
“We are very excited to announce a new partnership with Tower Three Partners,” said Bob Husband, President and Chief Executive Officer of Heritage. “Our members, guests and employees will benefit from the resources of Tower Three. With Tower Three’s sponsorship and strategic insight, we are well positioned to continue distinguishing Heritage by offering an outstanding golf experience and uncompromising service.”
“Tower Three is aligned with Bob Husband and the Heritage leadership team in our collective vision of providing a truly world-class golf and club experience,” said Mike Nold, Managing Director of Tower Three Partners. “Through this partnership, we are poised to expand, through acquisition, Heritage’s already impressive portfolio of acclaimed properties and further the extensive offerings currently available to members and guests.”
“Bob Husband and the entire Heritage team are relentless in their pursuit of the highest service standards and, working together, we will drive Heritage to even greater heights,” said Bill Forrest, Founder of Tower Three Partners. “Tower Three stands ready to support Heritage’s mission of enhancing the member experience and developing its portfolio of best-in-class golf properties across the United States.”
Related to the recapitalization, and now operating from a stronger financial position, Heritage is enabled to further upgrade the experience of members and guests through improvements across the portfolio.
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