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Shadow Mountain bought by oil and gas company
The golf course Shadow Mountain has been purchased by a gas and oil company out of Edmonton that was looking to diversify its operations.
The company — Denille Industries Ltd - Auburn — is the largest privately owned manufacturer of executive class well site trailers for the oil and gas industry.
Norm Chauvette, General Manager and Chief Financial Officer, said the company is excited about the opportunities ahead with the purchase of Shadow Mountain Golf Ltd. He said the decision to buy the course came out of the interest of Denille Industries' owner.
"The owner of our company has been golfing that course for quite a few years now —probably two or three years," Chauvette said. "When there was an opportunity to purchase it, he said, 'You know what, that's a great opportunity to be thr owner of a world class golf course.'"
Chauvette said the company started on negotiations a few months ago and found themselves successful, closing the deal on Dec. 31, 2013.
"We're getting a marketing team in place to carry on the tradition of Shadow Mountain and improve it where we can," he said. "We're pretty excited and I think there's going to be a tremendous opportunity for our locals and certainly ourselves to make this a world class event."
The purchase is only the golf course. Chauvette said another group purchased the development lands around it. He said Denille Industries has expressed interest in taking some pieces of the property, but negotiations are ongoing.
“We are working at diversifying a little bit away from oil and gas,” he said. “We have some plans of diversifying into land development and this golf course was kind of phase one of our future goals and visions of diversification. Get the golf course first and see if we can’t get some lots to go around it.”
Chauvette said they will soon be selling memberships for the 2014 season. If you are looking to get your name down for a membership, give 780-413-0900 a call to get more information on buying one and anything else prospective buyers would like to know.
“Certainly we are business as usual and we’re going to be fairly aggressive. We’re hoping to get members signed up and have a successful year for ourselves,” he said.
“We’re going to try to bring back the key people from before as well and certainly we’re hopeful that the superintendent from last year, who took amazing care of the course, is there as well,” he said. “We’re expecting to have the course in fantastic shape for 2014 for sure.”
Chauvette said the schedule is not yet set for rates, but that they are looking to keep things consistent and competitive with others in the industry.