NICEVILLE, Fla. — SVN Marinas has announced the sale of the Emerald Coast Marine Center to Safe Harbor Marinas.
The sale includes the full-service marina, boat dealership, restaurant, boat club and yacht club in Niceville, according to the announcement. Emerald Coast Marine Group was founded in 2015.
“Safe Harbor Emerald Coast” in Niceville is listed as a new location on the Safe Harbor Marinas website.
“We congratulate the owners and management team on the sale of this best-in-class marine facility,” said David Kendall, a founding partner of SVN Marinas.
“While the price is not disclosed, Emerald Coast Marine Center is one of the largest and most diversified marina complexes in the Florida Panhandle,” he said.
SVN Marinas is a leading marine advisory practice specializing in business advisory services for marine properties and marine businesses. It advised the owners of Emerald Coast Marine Group on the sale, according to the announcement.
“The leadership team at Emerald Coast had the vision to transform the property from a regional marina into a highly profitable, world-class marina complex, which meets the demands and satisfies the recreational boating needs of their customers,” said Kendall.
Shawn Talpey, President of Emerald Coast Group, recognized Kendall and partner Mike Howell for their part in the sale.
“Together, they are uniquely capable to advise on both marina and marine business transactions that require both market specialization and the sophistication to negotiate complex M&A type marine business transactions,” he said.
The Emerald Coast Marine Center includes a hurricane-rated indoor storage facility accommodating up to 280 boats and 70 wet slips.
It is a leading regional boat dealership carrying premium brands that include Beneteau, Blackfin, Crownline, Crest, Crevalle, Hurricane, Key West, Monterey, Nautique, Release, Sea Pro, and Solace.
