Five Iron Golf Expands to North Loop with Thr3 Jack Acquisition
Deal News | Dec 18, 2024 | Globenewswire
Five Iron Golf, a leader in indoor golf and entertainment, has acquired Thr3 Jack, a popular golf and dining venue in Minneapolis' North Loop. Established by siblings Lucy Robb and Bo Massopust in 2019, Thr3 Jack had gained acclaim for its mix of casual dining and golf. Five Iron Golf plans to maintain the beloved design while incorporating advanced Trackman simulators and proprietary technology to enhance the golfing experience. The venue will serve as Five Iron Golf’s first Minnesota establishment and its 26th location overall. This new space, equipped with state-of-the-art amenities, will cater to various needs from serious practice sessions to hosting private and corporate events. The acquisition mirrors Five Iron Golf's mission to merge golf, entertainment, and community-focused experiences, continuing to expand its brand's presence while introducing its offerings to the Twin Cities market. An exclusive Founding Membership offers unique perks and privileges to the local community, reflecting the company's commitment to integration and growth within Minneapolis.
Sectors
- Entertainment and Leisure
- Sports Technology
Geography
- United States – The acquisition took place in Minneapolis, Minnesota, within the United States, marking Five Iron Golf's expansion into this region.
- Minnesota – Minnesota is the specific state where Five Iron Golf is expanding by acquiring Thr3 Jack, a local venue in Minneapolis.
Industry
- Entertainment and Leisure – Five Iron Golf provides indoor golf and entertainment experiences, representing the intersection of sports entertainment and hospitality.
- Sports Technology – Utilization of advanced technology such as Trackman simulators for accurate golf simulation places this within the sports technology sector.
Financials
- $99 per month – The starting fee for Five Iron Golf's Founding Membership, which includes various perks and services.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Five Iron Golf | Bidding Company | Company | A global leader in indoor golf and entertainment, known for combining advanced simulators and amenities with a community-oriented environment. |
| Thr3 Jack | Target Company | Company | A popular golf and dining venue in Minneapolis' North Loop, recognized for its appealing design and community focus. |
| Jared Solomon | CEO of Five Iron Golf | Person | Co-founder and CEO of Five Iron Golf, driving the expansion and technological enhancements at the newly acquired venue. |
| Lucy Robb | Co-Founder of Thr3 Jack | Person | Co-founder of Thr3 Jack, which became known for its social golfing environment and casual dining. |
| Bo Massopust | Co-Founder of Thr3 Jack | Person | Co-founder of Thr3 Jack, instrumental in establishing the venue's reputation within the local community. |
| Nora Dunnan | Chief Development Officer of Five Iron Golf | Person | Co-Founder and Chief Development Officer at Five Iron Golf, playing a key role in the expansion and integration within Minneapolis. |
| United Properties | Property Manager | Company | The property management company overseeing the Nordic development where Thr3 Jack is located. |
| Chris Wold | Landlord | Person | Landlord involved in the Nordic development, under which the Thr3 Jack venue is managed. |