Links Asset Trust partners with Bobby Jones Links to operate 3 clubs

Links Asset Trust has partnered with Bobby Jones Links in a deal that ties the two companies closely together. 

Links Asset Trust is run by Douglas White, and Frank Denniston, both former Billy Casper Golf Management executives. The private equity company has acquired three private clubs, each on a 30-year lease, with promises to invest and upgrade the facilities. The clubs are Country Club of Indianapolis, Hidden Valley Country Club is in Salem, Va., and Pine Island Country Club in Charlotte, N.C.

Bobby Jones Links, formerly known as Mosaic Clubs and Resorts, will manage those three clubs and any future acquisitions. As part of the deal, White and Denniston are now partners in Bobby Jones Links. 

“Many private clubs are seeking capital for debt resolution or high-impact renovations,” White said. “Yet they have few options. We have the equity to invest and make these improvements and solve these clubs’ challenges.”

Links Asset Trust’s goal is to cater to clubs who wish to preserve their history without a sale. White said they had the money and Bobby Jones Links had the means to manage such a workload. He said Links Asset Trust and Bobby Jones Links’ ideas of the future align 100 percent, avoiding a division between operator and owner.

 “We are pleased to have these clubs join the Bobby Jones Links family,” said Whitney Crouse, a founder of Bobby Jones Links. “The addition of Frank Denniston and Douglas White as partners is also an important step forward in growing the Bobby Jones Links management portfolio.”

Located in Indianapolis and once host to the U.S. Women’s Open and several LPGA Tour events, the Country Club of Indianapolis opened its doors in 1891 and serves as one of the oldest operating country clubs in the nation. The private club has an 18-hole Pete Dye redesigned champion course. A $1 million renovation is underway to enhance the club.

Hidden Valley Country Club features an 18-hole golf course, practice facilities, tennis facilities that include 6 outdoor har-tru lighten clay courts, 2 outdoor hard courts, 2 indoor hard courts tennis courts, a heated pool, a lounge serving food, and a modern clubhouse.

Pine Island Country Club offers a French-country style clubhouse that hosts weddings and events, a 1,000-square-foot golf pro shop, a saltwater pool with a slide and an extensive member events calendar. 

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