Black Diamond Ranch was the vision of Stan Olsen, who founded the Citrus County-based golf club community in 1987.

Escalante Golf has acquired the stock and assets of Black Diamond Properties, Inc. Black Diamond Properties operates Black Diamond Ranch in Lecanto, Fla. and last year began the search for a new investor.

Escalente Golf will operate Black Diamond Ranch with a deep understanding of its history and principles to ensure that current and future members enjoy elite service, pristine course conditions and strong esprit de corps, says David McDonald, President of Escalante Golf.

The acquisition of Black Diamond Ranch strengthens Escalante’s portfolio, which has grown from four properties to 11 the past three years. The company currently owns Country Club of the North in Beavercreek, Ohio; The Raven at Three Peaks in Silverthorne, Colorado; and The Crosby National in Rancho Santa Fe, California.