Heritage Golf Group, owner and operator of private country clubs and high-end daily-fee courses across the U.S., has acquired Wilmington, NC-based Compass Pointe Golf Club and Magnolia Greens Golf Club. The clubs represent Heritage’s 7th and 8th acquisitions in 2024, bringing its total club count to 41.
Selected by Renaissance Golf Group as the buyer for these golf clubs, the acquisitions mark Heritage Golf Group’s third and fourth properties in North Carolina, joining Cape Fear National and Brunswick Plantation Golf Club.
Compass Pointe and Magnolia Greens are within a 15-mile radius of Cape Fear National Golf Club, forming a network of three Heritage Golf Group-owned and operated clubs in the Wilmington, NC area, expanding its presence on the coast of the Carolinas, with five clubs added to the region over the past two years, spanning from Myrtle Beach, SC to Wilmington, NC.
“We recognize that the Wilmington, NC area is a rapidly growing market driven by an attractive lifestyle. We’re excited to further that momentum and expand our presence there,” said Andy Miller, a founding partner and chief revenue officer with Heritage Golf Group.
Compass Pointe Golf Club is a private golf club featuring an 18-hole championship course designed by North Carolina native Rick Robbins. It is known as one of the most challenging courses in the Wilmington area. The course measures 7,228 yards, with a course rating of 74.6.
Compass Pointe’s golf course offers a newly opened 15,000-square-foot clubhouse located within the Compass Pointe gated, master-planned community, minutes from downtown Wilmington.
Magnolia Greens Golf Club, the second acquisition, is a semi-private club featuring a 27-hole championship course designed by Tom Jackson. Regarded as one of the area’s top public golf facilities, Magnolia Greens has hosted numerous PGA Tour and USGA qualifying events.
“Heritage Golf Group brings extensive experience and a successful track record to the table, as well as a deep commitment to maintaining the standard of excellence we’ve set at Compass Pointe and Magnolia Greens. We are confident Heritage will lead both clubs into the future with a forward-looking vision that respects each club’s history and culture, prioritizes member experience, and optimizes operations at both clubs. Our members are in good hands with Heritage Golf Group,” said Steve Saieed, chief operating officer with Renaissance Golf Group.
Since purchasing Heritage Golf Group in January 2020, the current ownership and leadership team has grown the company to include 41 clubs across the U.S. With its home office in northern Virginia, just outside Washington DC, Heritage clubs are in Alabama, Colorado, Florida, Georgia, Illinois, Missouri, New Jersey, New York, North Carolina, Ohio, South Carolina, Tennessee, Virginia, Michigan, and Wisconsin.
The company continues to grow by acquiring a mix of private country clubs in residential communities, member-owned clubs with growth potential seeking strategic alternatives and daily-fee and resort golf properties in major resort destinations and metropolitan markets.
Image courtesy Magnolia Greens Golf Club
