Isle of Wight ferry firm Wightlink is now fifty per cent owned by Fiera Infrastructure.
The stake has been sold by Basalt Infrastructure Partners for an undisclosed sum.
Basalt still owns the other half of the company.
A new investor Fiera Infrastructure has joined our existing owners Basalt Infrastructure Partners as shareholders of Wightlink, with both funds owning 50% each.
In a statement, Wightlink CEO Keith Greenfield said:
“Fiera Infrastructure are a long term infrastructure fund headquartered in Toronto with offices in London and New York. Fiera are long term investors and an excellent match for Wightlink which also has a long term horizon.
“For everyone working at Wightlink it is very much business as usual. Fiera coming on board at this time is an endorsement of our current strategy and the changes we have made such as the successful introduction of Victoria of Wight. We will continue to focus on safety, service performance and customer experience for our Isle of Wight customers and visitors alike.
“The management team and I are very much looking forward to working with our new and existing shareholders as we plan an exciting future for Wightlink and for our customers.”