Amid Golf Boom, PE Firm KSL Is Set To Buy A Top Course Operator For $2.6 Billion

BETAThis is a BETA experience. opt-out hereBusinessEditors' PickAmid Golf Boom, PE Firm KSL Is Set To Buy A Top Course Operator For $2.6 BillionInvited Clubs, the largest private golf course owner and operator in North America, with 125 clubs in its portfolio, is being acquired by KSL Capital Partners, which already owns Heritage Golf Group and its 47 courses.Illustration by Philip Smith for ForbesByHank Tucker,Forbes Staff. Hank Tucker is a Forbes staff writer covering finance and investing.Follow AuthorApr 22, 2026, 03:12pm EDTUpdated Apr 22, 2026, 03:31pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.With more Americans golfing than ever, investors hope a potential merger with a rival club owner can help Invited, formerly known as ClubCorp, get out of a bunker and back onto the financial green.@font-face{font-family: "Highlander"; src: url("https://i.forbesimg.com/assets/fonts/highlander/highlander-bold.woff2") format("woff2"); font-weight: 700; font-style: normal;} @font-face{font-family: "Merriweather"; src: url("https://i.forbesimg.com/assets/fonts/merriweather/merriweather-bold-webfont.woff2") format("woff2"), url("https://i.forbesimg.com/assets/fonts/merriweather/merriweather-bold-webfont.woff") format("woff"); font-weight: 700; font-style: normal;} @font-face{font-family: "Graphik"; src: url("https://i.forbesimg.com/assets/fonts/graphik/graphik-bold.woff2") format("woff2"), url("https://i.forbesimg.com/assets/fonts/graphik/graphik-bold.woff") format("woff"); font-weight: 700; font-style: normal;} @font-face{font-family: "Highlander"; src: url("https://i.forbesimg.com/assets/fonts/highlander/highlander-regular.woff2") format("woff2"); font-weight: 400; font-style: normal;} @font-face{font-family: "Merriweather"; src: url("https://i.forbesimg.com/assets/fonts/merriweather/merriweather-regular-webfont.woff2") format("woff2"), url("https://i.forbesimg.com/assets/fonts/merriweather/...