The final days of 2013 brought news that Canada’s largest golf course operator, ClubLink, had acquired the TPC Eagle Trace golf property in south Florida.
It seems their shopping spree might not yet be over.
Multiple sources have confirmed that the group is likely to announce at least one new acquisition in Ontario very shortly, and is also lining up another property near Ft. Lauderdale, close to the cluster of courses they already operate in that area of Florida.
The Ontario property will be the 36-hole Hidden Lake Golf Club in Burlington, Ontario. It is a very popular public golf facility that in years past has hosted qualifying for the RBC Canadian Open as well as numerous other mini-tour events. It’s estimated that they see some 80,000 rounds a year at their facility, making it a prime target for any company to add to their fold.
Sources indicate the deal for Hidden Lake will be announced very shortly and that the property will remain open to the public.
Being that they are a publicly traded company no ClubLink official could comment on the potential transactions.
ClubLink is coming off a year that saw their revenue dip slightly but with the overall market in a lull it seems to be prime time for them to grow their assets, both in Canada and the United States.
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