Calgary venture capital firm to pitch to Revelstoke Golf Club

Calgary firm Citrus Capital Partners to make pitch to run Revelstoke Golf Club.

The group behind a proposal to run the Revelstoke Golf Club is a Calgary-based investment capital firm.

Larry Shelley from Citrus Capital Partners will be making a pitch to the golf club membership at a meeting at the community centre this Wednesday, April 8, at 7 p.m.

Shelley declined to speak to the Review before press time.

Alan Mason, the City of Revelstoke’s director of economic development, said Shelley had contacted him about the golf course. He said Shelley had a history in Revelstoke.

“He said he’d been reading stories about the golf course and he’s interested in helping out,” said Mason.

A meeting was held with the golf club executive, and Shelley was invited to speak to the members as a group. “Nothing is going to happen without the membership onside,” said Mason. “If there’s support for it, and everything went ahead his company would enter into a lease with the city.”

Citrus Capital Partners describes itself as “an organization of successful & experienced business people from Western Canada who have come together to invest in the Western Canadian economy, and contribute their knowledge and abilities to work with mid-sized companies in an effort to achieve a higher level of success.”

“We are not a fund-based group looking to fulfill our annual quotas — instead, each and every investment is unique and is undertaken on a one-on-one basis, matching our partner investments with their individual skill sets to maximize the value proposition.”

Shelley is a chartered accountant, former chairman of the Community of Cochrane Recreational Development Committee, and past-President of the Rotary Club of Calgary. His background is listed as being in construction, resource extraction, the energy sector, environmental management and franchise operations.