Meadowbrook Country Club and Lake Chesdin Golf Club, which sit about 20 miles apart in Chesterfield County, are actively marketing a plan of “club unification,” whereby operations of the two clubs would be combined and members would have access to both courses.
The deal is being led by a group of investors made up of members of both clubs who are pooling their money to purchase the Lake Chesdin club from its Canadian owner and eventually merge it into Meadowbrook.
Meadowbrook-Chesdin LLC, an entity set up to acquire Lake Chesdin, is offering initial launch membership packages that include an investment in the new organization.
“We all think it’s going to be a great combination of two country clubs that can come together,” said Scott Camps, whose company Base Camp Development was behind the Chesdin Landing neighborhood that surrounds the Lake Chesdin course.
“Both neighborhoods are very excited about it. If you belong to one, you belong to both,” he said.
Meadowbrook, which sits on Cogbill Road just off Chippenham Parkway, was founded in 1957. It’s a member-owned club with an 18-hole golf course, clay tennis courts and other amenities.
Further south, Lake Chesdin opened in 1998 within the confines of the Chesdin Landing subdivision. The club and course are owned by Clublink, a Canadian firm that owns dozens of courses across Canada and several in Florida. Lake Chesdin is its lone U.S. holding outside of Florida.
The possibility of the merger was first reported in August by the Chesterfield Observer. Talks had been in the works since late 2011, according to the article.
The deal has since progressed.
“We’re finalizing the last of the details now,” Camps said.
The logic behind the merger is that two clubs in one could help attract more members for both locations.
“It just gives [us] a bigger base of membership. There are 15 to 20 subdivisions between the two places,” Camps said. “It’s going to be a big selling tool.”
In addition to sharing general managers, event and hospitality operations, and catering services, the merger might eventually allow Lake Chesdin to build out a second 18-hole course. It already has the land and zoning in place.
“We’ll add to it as the golfing industry heals up a bit,” Camps said.
Stay tuned to BizSense for more on this deal.