Wightlink Ferries has been sold for an undisclosed sum, it was announced today.
Balfour Beatty Infrastructure Partners LP (BBIP) purchased the company from Macquarie European Infrastructure Fund (MEIF).
Chief executive Russell Kew, chief operating officer John Burrows, and their management team remain in charge of the company.
BBIP LLP Partner Steven Lowry said: ‘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.’
In a statement Wightlink said there will be no changes to staffing, pricing, routes or schedules as a result of the change of ownership.
Russell Kew added: ‘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.’
Wightlink operates the catamaran and car ferry service between Portsmouth and the Isle of Wight.