BNET Industries
Last Fiscal Year Sales:$487.4M
- Public
- US
Dow Jones Description
BFC Financial Corporation is a diversified holding company that invests in and acquires private and public companies in different industries. BFC is typically a long-term, "buy and hold" investor whose direct and indirect, diverse ownership interests span a variety of business sectors, including consumer and commercial banking; brokerage and investment banking services; homebuilding; development of master-planned communities; the hospitality and leisure sector through the development, marketing and sales of vacation resorts on a time-share, vacation club model; the restaurant and family dining business; and real estate investment banking and investment services. BFC's current major holdings include Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; BankAtlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Holdings, Inc.; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary.
CFO & Executive Vice President
Glen R. GilbertNumber of Employees 117
Contact Information
2100 West Cypress Creek Rd
Fort Lauderdale, Florida 33309
(954) 940-4995
Peer Companies
NAICS Code Offices of Other Holding Companies: 551112
Recent Events
-
BFC Financial loses $54M, subsidiary in default
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BFC Financial purchases Bluegreen common shares
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BFC Financial loses $54M, subsidiary in default
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Tentative Q3 2009 BFC Financial Corp Earnings Release - ESTIMATED
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BFC Financial to invest $30M in BankAtlantic
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BankAtlantic raised $76M through offering
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BFC Financial, Woodbridge complete merger
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BFC Financial Q2 losses widen
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BFC Financial, Woodbridge to merge
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glen R. Gilbert | CFO & Executive Vice President |
| Phil Bakes | Executive Vice President |
| Greg S Heller | |
| Keith Cobb |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| D. Keith Cobb | Board of Directors |
| Earl Pertnoy | Board of Directors |
| John E. Abdo | Vice Chairman |
| Neil A. Sterling | Board of Directors |
| Oscar J. Holzmann | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | CFO & Executive Vice President | Current |
| BFC Financial Corporation | CFO & Executive Vice President | Current |
| Woodbridge Holdings Corporation | Chief Financial Officer | Former |
| Woodbridge Holdings Corporation | Senior Executive Vice President & Secretary | Former |
| KPMG International | manager | Former |
| Organization | Position | Status |
|---|---|---|
| Snapper Creek Equity Management, LLC | Co-President | Current |
| BFC Financial Corporation | Executive Vice President | Current |
| BFC Financial Corporation | Managing Director | Current |
| Far & Wide Travel Corp | Chief Executive Officer | Former |
| Woodbridge Holdings Corporation | Chief Financial and Accounting Officer and Secretary | Former |
| Far & Wide Travel Corp | Co-Founder | Former |
| Harvard Law Review | Editor | Former |
| Harvard Law School | JD | Former |
| Harvard Law School | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | Current | |
| Alamo Rent-A-Car, LLC | CEO | Former |
| KPMG International | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Bankatlantic Bancorp, Inc. | Chairman | Former |
| BFC Financial Corporation | Board of Directors | Current |
| Bankatlantic Bancorp, Inc. | Director | Current |
| Alliance Data Systems, Inc. | Board of Directors | Current |
| Farlie, Turner & Co. LLC | Board of Directors | Current |
| Alamo Rent-A-Car, LLC | Chief Executive Officer | Former |
| The Broward Public Library Foundation | Chairman | Former |
| The Community Foundation | Chairman | Former |
| Museum of Discovery and Science | Chairman | Former |
| Alamo Rent-A-Car, LLC | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | Board of Directors | Current |
John E. Abdo has been the Vice Chairman of Woodbridge Holdings Corporation and its predecessors since its inception and of BFC Financial Corporation since 1993, while serving as a BFC board member since 1988. He has been the Vice Chairman of the Board of Directors and Chairman of the Executive Committee of BankAtlantic Bancorp, Inc. since 1987. He is also Vice Chairman of the Board of Directors of Bluegreen Corporation, and a member of the Board of Directors of Benihana, Inc. A successful real estate investor and developer in his own right, Mr. Abdo has made a career of developing residential communities as well as commercial structures throughout South Florida for more than 25 years. His company has built over 5,000 residences, which for a time made it one of the largest residential builders in Florida’s Broward County. Mr. Abdo has a wide range of contacts and experience in diverse industries. Mr. Abdo is the President of the Broward Performing Arts Foundation, a $60 million theater for the Performing Arts that serves all of South Florida and a member of the Board of Directors of PACA (Performing Arts Authority). He is a graduate of Florida State University.
| Organization | Position | Status |
|---|---|---|
| Woodbridge Holdings Corporation | Vice Chairman | Current |
| BFC Financial Corporation | Vice Chairman | Current |
| Woodbridge Holdings Corporation | Vice Chairman | Current |
| Bluegreen Corporation | Vice Chairman | Current |
| Benihana Inc. | Board of Directors | Current |
| Paca, Inc. | Board of Directors | Current |
| Benihana Inc. | Co-Chairman, Vice Chairman | Current |
| Bankatlantic Bancorp, Inc. | Vice Chairman | Current |
| Performing Arts Limited | President | Former |
| Woodbridge Holdings Corporation | President | Former |
| Woodbridge Holdings Corporation | Director | Former |
| Bluegreen Corporation | Board of Directors | Former |
| Bankatlantic | Vice Chairman | Former |
| Bankatlantic Bancorp, Inc. | Director | Former |
| Florida State University | Former | |
| Benihana Inc. | member | Former |
Neil Sterling has been director of the BFC Financial Corporation since 2003. Mr. Sterling has been the principal of The Sterling Resources Group, a business development-consulting firm in Fort Lauderdale, Florida, since 1998.
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | Board of Directors | Current |
Oscar Holzmann has been director of the BFC Financial Corporation since 2002. Mr. Holzmann has been an Associate Professor of Accounting at the University of Miami since 1980. He received his Ph.D. in Business Administration from Pennsylvania State University in 1974.
| Organization | Position | Status |
|---|---|---|
| BFC Financial Corporation | Board of Directors | Current |
| The Pennsylvania State University | Ph.D. in Business Administration | Former |



