Simplify the following text for a Grade 13 native English-speaking person.
Original: As a result , Belmont postponed his departure from Havana indefinitely and began August Belmont & Company , believing that he could supplant the recently bankrupt firm , the American Agency .
Simplified: As a result , Belmont postponed his departure to Havana and began August Belmont & Company , believing that he could supplant the recently bankrupt firm , the American Agency .