ClubCorp

ClubCorp (NASDAQ: MYCC)is an American corporation with a home office in Dallas and is the largest owner and operator of private golf and country clubs in the country. It owns or operates more than 200 golf and country clubs and business, sports and alumni clubs worldwide. Located in 26 states, the District of Columbia and two foreign countries, the company and the clubs in its network serve more than 430,000 members and employ approximately 20,000 peak-season employees.

The company was founded by the late Robert H. Dedman, Sr. (1926-2002) as Country Club, Inc., later renamed ClubCorp. His son, Robert H. Dedman, Jr., became President in 1989 and CEO in 1998. His daughter, Patty Dedman Dietz, was previously on its Board of Directors. In 2002, its CEO was John A. Beckert. Private equity firm KSL Capital Partners purchased the company in 2006. ClubCorp Holdings, Inc. went public in 2013 and is traded on the New York Stock Exchange under the symbol MYCC.

The current President and CEO is Eric L. Affeldt. Golf Inc. magazine named him the most powerful person in golf in 2010 and 2014.

ClubCorp was founded by Robert H. Dedman on November 11, 1957, and construction began on Brookhaven Country Club in the Farmers Branch suburb of Dallas. Legendary golfer and famous Texan, Byron Nelson, served as the chairman of the advisory board during construction. Brookhaven held an open-house in 1959 to show off the 26,000 square foot informal wing. In 1965, ClubCorp expanded to include city clubs, similar to country clubs but without golf courses. By the 1970s, ClubCorp served as the management consultant for more than 50 private clubs. In 1971, The University Club of Houston opens (Texas) near the Galleria complex and is the world's first indoor climate-controlled tennis complex. In the 1970s ClubCorp offered reciprocal privileges, meaning a member of any ClubCorp club could attend other clubs. In 1975, they bought 13 additional clubs, including the Inverrary Country Club, home to the PGA Tour. In 1976, ClubCorp Realty is formed to develop residential communities around country clubs.

In 1981, ClubCorp acquired Firestone Country Club in Akron, OH, from the Firestone Family. Shortly after, in 1984, the company bought golf courses, hotels and other properties in Pinehurst, North Carolina, which led to a series of lawsuits from malcontent residents. After acquiring Pinehurst Resort, ClubResorts was founded for the management of destination golf and conference resorts. Resort Guests are treated as "Members for their Stay." They also bought Mission Hills Country Club in Rancho Mirage, California and Indian Wells Country Club in Indian Wells, California, Gleneagles Country Club in West Plano, Texas, Stonebriar Country Club in Frisco, Texas and Las Colinas Country Club in Irving, Texas. They also bought The Homestead in Hot Springs, Virginia in 1993, Barton Creek, Austin, Texas and Daufuskie Island off Hilton Head, South Carolina. In 1986, ClubCorp began publishing Private Clubs magazine as a vehicle for communicating to members. In 1998, Private Clubs earned the distinction of having the most affluent audience in America.

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