Dallas golf course operator buys six Arizona clubs from Phil Mickelson - The Dallas Morning News

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A fast-growing Dallas golf course operator is picking up six Arizona clubs from a company founded by tour veteran Phil Mickelson and his business partner.

Arcis Golf, founded by Southern Methodist University graduate Blake Walker, closed the deal Monday with Mickelson Golf Properties. Mickelson created the venture with Steve Loy, a former coach who recruited the left-hander to play for him at Arizona State in 1987.

The six properties include three upscale private clubs and three daily fee facilities. Arcis Golf now owns 15 properties within driving distance of Phoenix. The purchase price wasn’t disclosed.

“These exceptional additions to our portfolio support our strategy of owning and operating preeminent properties within each of our key hub or expansion markets,” Walker said in a statement.

The private clubs joining Arcis are Stone Canyon Club north of Tucson, and The Golf Club at Chaparral Pines and The Rim Golf Club, both in Payson. The public courses are McDowell Mountain Golf Club in Scottsdale, Ocotillo Golf Club in Chandler and Palm Valley Golf Club in Goodyear.

In the last several years, Arcis said it has invested over $75 million in upgrades to its collection of private, resort and public courses.

Arcis operates 66 golf clubs in the U.S., including nine public courses in Dallas-Fort Worth. It ranks as the sport’s second-largest operator behind Dallas-based ClubCorp.

“Since entering the golf space, Arcis Golf has made a noteworthy splash with aggressive growth and a rapidly expanding course portfolio,” according to the National Golf Foundation, which ranked it among the top 100 businesses in golf in 2020.

“Financial backing from Fortress Investment Group, one of several private equity firms that invested in the golf industry after the Great Recession, helped fuel that momentum,” the foundation wrote on its website. “But so too has a focus on lifestyle experiences at its facilities, with a special emphasis on enhanced off-course amenities.”

Arcis Golf is supported by Arcis Equity Partners, a private equity firm that Walker also runs. Its biggest purchase to date was 46 courses from CNL Lifestyle Properties for $306 million in 2014. It received what it described as a significant investment last fall from Atairos, another equity firm.

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