Wes Edens, as the Chairman for Brightline, one of the biggest private firms in the railroad business in the US today, has joined hands with Richard Branson’s Virgin Group. This new alliance allows Brightline to harness Virgin Group’s vast experience and expertise in the sector. While Wes Edens’ company has been a critical player between Miami, Fort Lauderdale, and West Palm Beach, there have been plans to expand operations to include new terminals like Orlando and Tampa. When all signings are complete, construction of the railroad should commence anytime in the coming year.
Welcoming Virgin Group to the private enterprise in America, Wes Edens was happy at the innovative possibilities the two partners have in place for the American market. Brightline’s mother company, Fortress Investment Group, plans to enhance its portfolio by associating with Virgin Groups expansive one. Fortress Investment Group was founded by Wes Edens , together with Peter Briger, Randal Nardone. Optimism is being felt in this regard as Brightline’s new partner has over 60 successful companies whose businesses range from financial services to health, to travel and leisure. Part of the agreement is to rename Brightline – Virgin Trains USA. View Wes Edens’s profile on Linkedin
Linking all similarly branded investments is among the perks Wes Edens’ company stands to gain as this linkage will raise ridership. This would happen by associative partnering between such entities as Virgin Atlantic, Virgin Hotels and Virgin Voyages and now Virgin Trains USA. Virgin Group also has immense experience having run at least 38 million trips in the UK in the last 21 years. The establishment is UK Coast mainline.
In the agreement, Fortress Investment Group will retain majority stake at Brightline while Virgin Group will acquire a minority stake, a fact Wes Edens has expressed satisfaction. He noted that the partnership underlines Fortress Investment group hold on the American market as a major player looking to grow multifold. The firm is ready for a big game. It also underscores the fact that Brightline’s innovation and approach to modern business has become the model of choice for Virgin Group to partner.
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