New Jersey-based Titan Golf has purchased Tam O’Shanter Country Club in Brookville, N.Y., for a reported $15 million.
It’s the latest strategic acquisition by Titan, which targets financially challenged private clubs with an eye toward upgrading facilities and expanding membership. Titan was one of several potential buyers contacted by club members last year as part of an effort to make sure the Long Island club remained open.
As part of the deal Titan brought in Troon Golf to manage the club under its Troon Privé private club division.
Titan, which two years ago purchased the Woodmere (N.Y.) Club, is reducing annual dues at Tam O’Shanter by 25 percent in an effort to boost membership from the current 200.
Titan Golf is owned by Efrem Gerszberg and Robert Weiss.
In addition to golf course, the club six Har-Tru tennis courts, a pool, a fitness center with a sauna and steam room, and casual and fine dining facilities. Sales & Finance