Dania Beach-based Nautical Ventures Group has purchased a 51 percent stake in LukFuel, a South Florida direct-to-dock fuel delivery company.
“Since the formation of Nautical Ventures Group last year, we’ve been looking for the right business components to make us a single-source supplier for the local South Florida marine community,” CEO Roger Moore said. “Our local boating market is ripe for an economic rebound and we’re establishing a strong foundation on which to build our organization.”
Nautical Ventures recently opened a 30,000-square-foot retail showroom and service center and last year acquired River Bend Marine Center.
LukFuel’s local fleet of four tanker trucks will double this year and expand into new market segments with bulk fuel delivery programs tailored to select, high-usage clientele.
For more information, visit www.nauticalventures.com.