David Blitzer’s Bolt Ventures has made another investment in golf by acquiring the Hurricane Junior Golf Tour. Bolt Ventures already has invested in TMRW Sports and its Jupiter Links Golf Club of the TGL. The HJGT is for players 8-18 and hosts more than 300 events annually at 250 courses across 24 states and three countries. It’s part of a growing golf network for Bolt, which also has investments in putter company L.A.B. Golf, KemperSports and the Golf Source Network. Bolt is naming Josh Press as the CEO of the HJGT. Bolt said that Press will work with HJGT founder & Exec Dir Mario Conte during the ownership transition. Press said the HJGT checks all boxes for Blitzer as he eyes his next round of investments.
“We’re looking at businesses that are already operating at a high level and those that have high trend lines, and youth sports is doing that,” Press said. “Golf is a sport that we’re seeing is entering a new phase and entering new markets.”
Press noted golf’s growth has not slowed down since the pandemic, especially among youth.
“It’s got interest from so many different people, female, inner-city kids,” Press said. “We think it’s a trend that’s here to stay. We know we can add immediate value.”