Former World No. 1 golfer Justin Thomas and Piper Sandler Cos. Vice Chairman Jimmy Dunne are among the investors in Troon, a provider of golf and club-related leisure and hospitality services, said people with knowledge of the matter who asked not to be identified discussing private information.
The investment by 30-year-old Thomas, a two-time major winner known as “JT”, and Dunne, a co-founder of Sandler O’Neill and a director on the PGA Tour board starting this year, hasn’t been previously reported.
The Scottsdale, Arizona-based company, led by Chief Executive Officer Tim Schantz, struck a 2021 deal in which alternative asset manager TPG Inc. agreed to make a “significant strategic investment.” Symphony Ventures, the investment fund of four-time major winner Rory McIlroy, also backed Troon, with both firms joining Leonard Green & Partners on the company’s investor list, Troon said at the time.
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