Published: September 01, 2010
Suddath and Landology Partner to Acquire Victoria National Golf Club
JACKSONVILLE, Fla. - (BUSINESS WIRE) - Victoria Partners LLC, a unique joint venture between The Suddath
Companies and Landology, is proud to announce its investment into and
acquisition of one of the nation's premier golf courses - Victoria
National Golf Club. Founded in 1998 by the late Terry Friedman and
designed by Tom Fazio, Victoria National Golf Club is currently ranked
#24 in Golf Digest's "America's Greatest 100 Golf Courses."
"Suddath and Landology are excited for the opportunity to help realize
Terry Friedman's dream. Our goal is to ensure that Victoria National
Golf Club is in place for generations to come," said Barry Vaughn, chief
executive officer of The Suddath Companies. "We fully intend to maintain
the course's world-class prestige and to further improve its standing
among golf purists by investing in its future."
Founded in 1998, Victoria National Golf Club was designed by the
renowned architect, Tom Fazio, and is the result of years of planning
and development by the late Terry Friedman. Victoria National has hosted
the 2008 Rolex Tournament of Champions, the Indiana State Amateur
Championship and the 2006 USGA Senior Amateur Championship.
"Terry always had this wonderful vision of fusing a world-class golf
course with Southern Indiana's beautiful landscape," said Irma Friedman,
Terry's wife. "We expect that the new partnership with Victoria Partners
is only going to help see his vision through, benefiting the community,
Victoria National's members and golf purists from across the nation."
In order to effectively manage and run this business venture, Suddath
and Landology have formed a joint venture and will jointly own a
separate organization called Victoria Partners, LLC. The companies
comprising Victoria Partners combine to bring unique capabilities and
assets together to ensure the vision of Victoria National's late founder
Terry Friedman is realized. The Suddath Companies' financial stability
and business acumen, Landology's expertise in the real estate industry
and Gary Verble's more than 30 years of experience managing golf courses
across the country combine to ensure Victoria National's members and
golf purists across the country enjoy golf at its finest for years to
come.
About Victoria National Golf Club
Designed and maintained specifically for golf purists, this Tom
Fazio-designed golf course is one of the nation's top-ranked courses,
recently ranked #24 in "America's Greatest 100 Golf Courses" in 2009 by Golf
Digest. Masterfully set among 418 acres, Victoria National Golf Club
embraces the dramatic landscape, native vegetation and deep, spring-fed
lakes of Southern Indiana. Free from encroachment of homes or
development with abundant wildlife, Victoria National offers an
unmatched natural setting for one of the top courses in the country. For
more information, please visit www.victorianational.com.
About The Suddath Companies
Founded in 1919, The Suddath Companies is a diversified, cooperative
group of domestic and international service companies. These affiliates
specialize in worldwide corporate employee relocation, household moving,
and warehouse and logistics management. In addition to its international
services to over 100 countries, The Suddath Companies operates
nationwide as one of United Van Lines' largest agents. The Suddath
Companies has over 1,200 employees nationwide handling over 40,000
shipments annually. For more information, visit its Web site at www.suddath.com.
About Landology
Landology is a Florida-based real estate owner/operator that invests in
mixed use, multi-family, commercial land and value-add real estate
properties. Comprised of partners with experience in real estate,
banking and deal structure, Landology offers a full-service approach
with specialized expertise in site selection, assemblage, acquisition,
development, financing, disposition, land entitlement, zoning and sales
and marketing. For more information, please visit www.landology.com.
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For Victoria Partners LLC
Reese Riggle, 904-616-1373
rriggle@daltonagency.com
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