Wightlink Ferries has a new owner. Balfour Beatty Infrastructure Partners LP (BBIP) has purchased the company from Macquarie European Infrastructure Fund (MEIF) for an undisclosed sum.
Chief Executive Russell Kew, Chief Operating Officer John Burrows, and their management team remain in charge of the company. Similarly, there will be no changes to staffing, pricing, routes or schedules as a result of the change of ownership.
BBIP LLP Partner Steven Lowry says: “Wightlink is a strong and stable company with the opportunity to grow and develop in the years to come. We are delighted to be the new owners of the largest cross-Solent ferry operator and are committed to investing in the business, and supporting the management team’s focus on safety and improving customer service.”
Russell Kew says: “Wightlink has a strong and secure future with its new shareholders, which is good news for the company, our customers and our staff. We look forward to working with BBIP to grow the business in years to come.”
