Bradford Marine, the superyacht refit facility, marina and brokerage with locations in Fort Lauderdale, Florida and Freeport, Grand Bahama, has announced that is has agreed terms to be acquired by Fort Lauderdale Yacht Harbor (FLYH) for an undisclosed price. The acquisition of all assets of the Fort Lauderdale property closed on 1 January, while the acquisition of Bradford Marine Bahamas is pending customary governmental approval from The Bahamas. Both properties will continue operations as normal and will retain the Bradford Marine and Bradford Marine Bahamas names under FLYH ownerships. Julie Fisher Berry, principal of Marina Investments Group, Stiles Realty, brokered the transaction.
“We are excited to had the opportunity to own and operate Bradford marine. As one of the foremost megayacht repair facilities/marinas in south Florida and the Bahamas, Bradford Marine has a tremendous history built by its world-class team of employees,” says John Kelly, CEO of FLYH. “Paul Engle will continue as president of Bradford Marine and manage the daily operations, and Tom Thomas will remain in his role as chief financial officer. Both Paul and Tom are well-respected in the marine industry and are great assets for both of the Bradford Marine facilities.”
As well as acquiring Bradford Marine, FLYH intend to invest in the business in order to modernise its facilities and better serve the needs of increasingly discerning superyachts owners. As the superyacht market continues to modernise and mature, so to have the expectations of superyacht owners with the bar being set ever higher.
“Just as the yachting industry has evolved, so too will Bradford Marine continue to cater to the needs of the next generation of yacht owners, captains and crew,” comments Michael Kelly, COO of FLYH. “We look forward to being an integral part of the Fort Lauderdale community to maintain and grow Broward County’s $8.8 billion economic impact from the marine industry.”
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