The Thoreau Club announces a new owner

0

CONCORD, Mass.–(BUSINESS WIRE)–The Thoreau Club has announced that it has changed ownership; the Pinebrook Group, owned and operated by JB Gough and Malachy Burke. Pinebrook is joining forces with the club’s longtime general manager and chief operating officer, Keith Callahan. Along with Callahan, Pinebrook purchased the business and the 33 acres it sits on from longtime owners Todd and Faith Pulis. The trio of Callahan, Gough and Burke will jointly manage the club.

The Thoreau Club has been a staple of the Concord, Massachusetts community since it was first opened in 1951 by the Pulis family as a day camp. Two successive generations of the family have run the business as it has grown from a traditional summer camp to a premier year-round multi-sport athletics club offering tennis, swimming, fitness and more. In recent years, the Thoreau Club has continued to emphasize wellness through the addition of services such as Pilates, nutrition, personal coaching, massage and other lifestyle-based programs. life.

“I am honored to have the opportunity to lead Thoreau Club after many years of successful ownership and community development by the Pulis family,” said Keith Callahan, General Manager and Partner of Thoreau Club. “For more than seven decades, they have seamlessly guided the Thoreau Club as it grew into the community center it is today. I know that JB and Malachy share a deep commitment to continuing the smooth running of the Club.

Callahan served as General Manager of the Thoreau Club for six years and has over 40 years of experience in the health, fitness and recreation industry. Callahan has been instrumental in supporting the club in the difficult environment created by COVID-19, creating a suite of virtual fitness classes, outdoor classes and lessons. Callahan is an industry veteran in the all-purpose health club space, former managing partner of Blue Sky Holdings Inc., a Manchester-by-the-Sea, Massachusetts-based company specializing in the development and management of fitness, tennis, and large-scale recreation centers.

“This is a unique opportunity to bring together the talents and passions of our team and apply them to a historic club that has continually reinvented itself to meet the needs of the community,” said Malachy Burke, co-founder and managing partner of The Pinebrook Group with JB Gough.

“Malachy and I are grateful that Keith already has the trust of the members, and we look forward to building new relationships with current members of the Thoreau Club and the wider Concord community,” Gough said.

Under the ownership of The Pinebrook Group, the club will undertake a number of improvements, including the launch of ‘Elements Outdoor Fitness’, a state-of-the-art outdoor synthetic turf pitch which will offer outdoor group classes , including yoga, cycling and Suite. In anticipation of the summer season, the new ownership group is also updating the Thoreau Club pool complex to include additional seating, summer programming and an expanded Poolside Café menu.

Despite the challenges of the past two years, which have seen unprecedented limitations to the in-person fitness industry, The Thoreau Club continues to boast loyal members, exceptional staff and a strong reputation in the community. All current staff and coaches will remain in their roles.

The Pinebrook Group is a real estate private equity firm co-founded by Gough and Burke. The duo met in elementary school and share a passion for tennis and club operations. Gough, a Division 1 tennis player, originally met Callahan while training at the tennis academy at one of Callahan’s former clubs. Prior to founding The Pinebrook Group, Burke and Gough had careers in various aspects of the financial services industry, including real estate. Burke was the founder and CEO of V90 Capital Management, a hedge fund specializing in large-cap U.S. stocks traded on public markets. Gough worked at Juniper Square, a SaaS real estate company providing investment management software, as well as at Jefferies, where he specialized in the consumer and retail sector.

To learn more about The Pinebrook Group, please visit https://www.pinebrookgroup.com.

To learn more about the Thoreau Club, please visit: https://www.thoreau.com/.

About the Pinebrook Group

The Pinebrook Group is a private equity investment firm focused on identifying and executing unique, sophisticated and strategic investments across various asset classes in the real estate industry. To learn more about The Pinebrook Group, please visit https://www.pinebrookgroup.com.

About the Thoreau Club

Since 1951, the Thoreau Club has helped families and individuals live active, happy and healthy lives. We are committed to the well-being of our community and strive to provide the very best in preventative wellness, fitness and recreation. To learn more about the Thoreau Club, please visit: https://www.thoreau.com/.

Share.

Comments are closed.