McConnell Golf has completed its second acquisition in less than a week with its purchase of the Reserve Golf Club of Pawleys Island on the South Carolina coast.
The deal gives the company founded by serial entrepreneur John McConnell a total of six courses in the Carolinas, including the Raleigh Country Club and Durham's Treyburn
Country Club. It also demonstrates McConnell Golf isn't taking its eye off its core business following last week's diversification into a new realm -- selling software private golf clubs use to run their operations -- with its purchase of ClubSoft, a Kansas company whose revenue approached $2 million last year.
Reserve, which was owned by its members, filed for Chapter 11 bankruptcy in December. A federal bankruptcy judge in Columbia, S.C., approved the sale to
McConnell Golf on Tuesday.
Ray McDonald, vice president of sales and marketing at McConnell Golf, said Reserve’s more than 300 active members weren’t able to invest in needed upgrades. “We’re committed to making the capital improvements they weren’t able to make,” he said.


