Bluebridge ferry service bought by Australian private equity

Tue, 06 Dec 2016

By Edwin Mitson Dec. 6 (BusinessDesk) - The company behind Interislander rival, Bluebridge Cook Strait Ferry Service, has been sold to an Australian private equity group. Strait Shipping, which runs the Bluebridge service between Wellington and Picton, is being bought alongside Freight Lines and the freight forwarding business, Streamline, in a deal that's expected to settle in the first three months of next year. No price is being disclosed. All were founded by industry veteran Jim Barker, who died in August this year. The Bluebr...

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