New owners for Victoria National
7 September 2010
One of America’s most highly rated golf courses has been sold.
Victoria National in Indiana, ranked 24th on Golf Digest’s list of America’s greatest courses, has been acquired by Victoria Partners LLC, a joint venture between Florida-based real estate firm Landology and logistics group The Suddath Companies.
Victoria National’s founder, Terry Friedman, died in 2004, six years after the Tom Fazio-designed course opened. “Suddath and Landology are excited for the opportunity to help realise Terry Friedman’s dream. Our goal is to ensure that Victoria National 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.”
“Terry always had this wonderful vision of fusing a world-class golf course with Southern Indiana’s beautiful landscape,” said Irma Friedman, Terry’s widow. “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.”
To manage the new 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.
Victoria National was built on 418 acres of a former open-cast coal mine. After mining ended, nature reclaimed much of the site, creating lakes where excavations had taken place. The course is now recognised as an Audubon International Certified Signature Sanctuary.