SeaLink Tran­sit

Travel Daily - - News -

SEALINK yes­ter­day com­pleted its 100% ac­qui­si­tion of Tran­sit Sys­tems, Tower Tran­sit Group and its broader group of en­ti­ties (TD 08 Oct 2019).

The con­clu­sion of the $635m deal saw long-time SeaLink Group CEO Jeff El­li­son hand the reigns over to cur­rent Tran­sit Sys­tems Group CEO Clint Feuer­herdt.

El­li­son has agreed to pro­vide sup­port to Feuer­herdt to en­sure a smooth tran­si­tion of lead­er­ship by re­main­ing as an ex­ec­u­tive di­rec­tor of SeaLink for a short pe­riod of time, af­ter which he will re­main on the SeaLink Board of Di­rec­tors as a non-exec di­rec­tor.

“Both SeaLink and Tran­sit Sys­tems Group have de­vel­oped mar­ket-lead­ing po­si­tions in their re­spec­tive sec­tors and I see sig­nif­i­cant op­por­tu­nity for the com­bined group to tar­get in­te­grated multi-modal pas­sen­ger trans­port con­tracts across the public and pri­vate sec­tors,” Feuer­herdt said.

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