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Business Structure
Meadowbrook Golf includes four related business entities, each focused on a particular
business strategy related to the company's mission.
Meadowbrook Golf Management is the division that provides complete management services
to golf facilities. This division also operates courses leased or owned by the company.
All management services are provided through regional offices, to insure that our senior
personnel are able to maintain close contact with our facilities and with our clients.
International Golf Maintenance (IGM) is a wholly-owned subsidiary that specializes in
golf course maintenance and agronomic services. IGM is the largest provider of these
services in the golf industry. The expertise, resources and equipment of IGM are shared
with all facilities served by Meadowbrook Golf
Golf Ventures, Inc. (GVI) is another wholly-owned subsidiary that sells golf course
supplies, chemicals, equipment and related items to more than 1,000 golf courses in the
United States. The buying power of GVI benefits all facilities served by Meadowbrook Golf.
No other golf course management company offers such a resource to client
facilities. In fact, some other national management companies actually buy products
through GVI for their facilities.
The fourth major component of the Meadowbrook organization is the Meadowbrook/Apollo
Limited Partnership. This is an investment partnership between Meadowbrook and Apollo Real
Estate Advisors. Apollo is one of the world's leading investment groups, with more than $1
billion of equity capital invested with Meadowbrook and other companies. The purpose of
the partnership is to provide equity capital for the development and acquisition of golf
facilities.
Meadowbrook Golf is a publicly traded company (OTC-MGGI). Revenues for 1998
are projected to exceed $35 million. The company, including all divisions and
subsidiaries, employs approximately 1,500 individuals. The number of employees fluctuates
throughout the year due to the seasonal nature of the golf business.
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