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Member-Owned Philmont CC with Excess Land Strikes Win-Win Recapitalization Deal with Concert Golf Partners

March 1, 2017

HUNTINGDON VALLEY, PA – Philmont Country Club, the historic member-owned private club in the north Philadelphia suburb of Huntingdon Valley, Pennsylvania, completed its recapitalization with Concert Golf Partners, the boutique owner-operator of high-end private clubs, on February 28th. The transaction was unanimously approved by the club’s Board of Directors and overwhelmingly approved by a 95% vote of its members. Philmont Country Club members saw all club debt paid off at closing, their annual member dues frozen for the next 2 years, more than $4 million of immediate capital projects launched at the club and, best of all, a permanent guarantee of no more member assessments.