New Haven Marinas has entered the Florida market with the acquisition of Scipio Creek Marina in Apalachicola. The deal marks the company’s ninth marina property across six states. Its portfolio also includes sites in Oklahoma, Illinois, Tennessee, Kentucky, and Missouri.
Located on Florida’s ‘Forgotten Coast’ along Scipio Creek, the property provides deep-water access to the Gulf Intracoastal Waterway, Apalachicola Bay, the Apalachicola River System, and the Gulf of Mexico. New Haven Marinas cited the venue’s strategic location and expansion potential as primary drivers for the purchase, highlighting Apalachicola’s established boating, commercial fishing, and tourism sectors.
Scipio Creek Marina offers 108 dry storage units, 30 outdoor boat racks, and 20 berths. On-site marine operations include fuel sales, marine supplies, haul-out and repair services, and transient dockage.
The company said the marina’s location and growth potential were the reasons for the acquisition, as Florida is one of the country’s most important boating markets and Apalachicola has established boating, fishing and tourism activity.
Marina Brokerage Advisors represented New Haven Marinas in the acquisition. Financial terms of the transaction were not disclosed.
Kyle Peterson, vice president at Marina Brokerage Advisors, says: “Scipio Creek is the kind of asset buyers are hunting for right now, a protected dry storage operation that is paired with an incredible restaurant.”
New Haven Marinas plans to improve the property and add wet slips, while continuing to develop its storage and dockage, marine services, restaurant, brewery and lodging operations. The existing teams at the marina and its businesses will remain unchanged following the acquisition.
In its announcement, New Haven Marinas described its approach to marina investments as combining ‘attractive real estate fundamentals, exceptional locations, durable demand and meaningful opportunities to create value.’ The company added: ‘Scipio Creek Marina embodies that philosophy. As our first Florida property, it represents an exciting new chapter for New Haven Marinas while demonstrating the continued momentum and diversification of our growing national platform.’
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