Invited Clubs Acquired by KSL Capital Partners | Consumer M&A Deal

KSL Capital Partners has acquired Invited Clubs, a fitness wellness business in Texas, for approximately $3 billion. Invited Clubs operates more than 150 golf, country, and city clubs across the U.S., serving over 300,000 members through monthly dues and initiation fees. The platform acquisition expands KSL Capital Partners acquisitions in consumer M&A by adding a scaled membership and leisure operator with venues that include college football stadium locations. As a private equity acquisition and second stint for KSL, the announced deal is structured as a platform acquisition with enterprise value including debt, following prior ownership by Apollo.