Fort Lauderdale Yacht Harbor LLC has acquired Bradford Marine for an undisclosed price. A statement said that the deal for all assets of Bradford Marine’s repair facility, marina and yacht brokerage in Fort Lauderdale closed on January 1, 2019. The statement said the acquisition of Bradford Marine Bahamas will close pending “customary government approval” from the government of the Bahamas.
Both properties will retain the “Bradford Marine” and “Bradford Marine Bahamas” names under FLYH ownership.
“We are excited to have the opportunity to own and operate Bradford Marine,” said John Kelly, CEO of FLYH in the statement. “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.”
Paul Engle, president of Bradford Marine, added that he was “very pleased” with the new ownership. “They have plans for substantial enhancements that will be greatly welcomed by our customers,” said Engle in the statement. “Continuing as a family-owned and operated business makes FLYH the perfect fit to acquire Bradford Marine.”