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Monument buys Florida marine centre

USA: Monument Marine Group, an investment firm focused on opportunities in the marine industry across the USA and Caribbean, has purchased St Augustine Marine Center, a renowned marine service centre located in the heart of St Augustine, Florida.

This strategic acquisition in northeast Florida strengthens Monument’s expansion goals in the south-eastern USA while enhancing its capabilities to deliver exceptional services to customers across the marine industry, particularly those travelling along the eastern seaboard.
St Augustine Marine Center is ideally situated near the St Augustine inlet, allowing easy and navigable deepwater access to the Atlantic Ocean, just four miles (6.4km) away via the Intracoastal Waterway. The facility, established in 1992, serves as a central hub for marine services in the area, with a long standing reputation for excellence in customer service and quality craftsmanship.
The property covers 30 acres (12ha) and includes 1,100 linear feet (335m) of dockage with expansion potential, dry land storage, commercial rental space, a multi-building service centre and a paint building equipped to cater for yachts up to 110ft (33.5m) long.
Oasis Marinas will be responsible for all on-site operations, ensuring uninterrupted delivery of service. “We are tremendously excited to welcome St Augustine Marine Center into our expansive network of premier service locations,” said Kenneth Svendsen, CEO of Oasis Marinas. “The Oasis Marinas service team has the expertise, relationships and capabilities to build on the already stellar reputation the St Augustine Marine Center team holds today. This property extends our core commitment of unmatched service to the St Augustine boating community.”

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