Smooth sailing for SeaLink's $635m buyout of Transit Systems

Dec 18, 2019 · The CEO of SeaLink says the acquisition of bus group Transit Systems is already opening new doors offshore. ... Smooth sailing for SeaLink's $635m buyout of Transit …

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Smooth Sailing For SeaLink's $635m Buyout Of Transit Systems

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Dec 18, 2019 · The CEO of SeaLink says the acquisition of bus group Transit Systems is already opening new doors offshore. ... Smooth sailing for SeaLink's $635m buyout of Transit …

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SeaLink Announces $635 Million Transformational Acquisition Of …

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This morning SeaLink announced that it has entered into a binding agreement to acquire 100% of Transit Systems Group for an enterprise value of $635 million plus an earn-out component of up to $63 million. The release explains that Transit Systems Group is Australia’s largest private operator of metropolitan public bus services and is an establishe...

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SEALINK ACQUIRES TRANSIT SYSTEMS BUSES IN AUD$635 …

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Oct 8, 2019 · As a result of the deal, Transit Systems Group chief executive officer Clint Feuerherdt will replace the retiring SeaLink chief executive officer Jeff Ellison, it’s reported. …

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SeaLink Eyes Offshore Push With Transit Systems - Financial Review

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Oct 8, 2019 · SeaLink expects to pull out between $4 million and $4.6 million in synergies by combining the two companies. Transit Systems expanded into London in 2013 with the …

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SeaLink (ASX:SLK) To Acquire Transit Systems For $635m

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08 Oct 2019 - SeaLink Travel Group (ASX:SLK) is set to purchase Transit Systems for $635 million in a move to turn the company into one of Australia’s leading multi-modal transport …

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MinterEllison Advises On $635m+ Acquisition Of Transit By SeaLink

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Aug 10, 2019 · MinterEllison is advising Transit Systems Pty Ltd (Transit Systems) and its shareholders (TS Shareholders) on the sale of Transit Systems, Tower Transit Group Ltd …

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Australia's SeaLink Travel To Acquire Private Bus Operator Transit …

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Oct 8, 2019 · Australian travel and tourist firm SeaLink Travel Group <SLK.AX> said on Tuesday it will acquire bus operator Transit Systems Group for an enterprise value of A$635 million …

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SeaLink Gears Up For $635m Buyout Of Transit Systems

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KANGAROO ISLAND: Kangaroo Island ferry and tourism services operator SeaLink is gearing up for its…

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SeaLink Travel Group Purchases Transit Systems Group - Bus …

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Dec 27, 2009 · The $635m acquisition price that includes debt was revealed online by DataRoom on Monday, with the column also first reporting that Transit Systems chief executive Clint …

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SeaLink To Buy Bus Business Transit Systems, Raise Equity

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Oct 7, 2019 · The deal included a 10-year contract with Public Transport Victoria (PTV), which was renewed in 2018 and worth about $330 million, and came just 10 months after Transit …

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SeaLink Acquires Transit Systems Marine | SBS News

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Transit Systems Marine's turnover in fiscal 2015 was $90 million, and SeaLink said the acquisition is expected to lift earnings materially in the first full financial year after completion.

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NJ Transit Approves Contract For Hudson-Bergen Light Rail

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Nov 14, 2024 · It awarded a $1 billion contract in the summer of 1996 for what was at the time considered the first half of a 20.5-mile light rail transit system in Hudson and Bergen counties …

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NJ Transit Approves $1.5B Contract For New Hudson-Bergen Light …

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Nov 14, 2024 · The NJ Transit Board of Directors approved a $1,517,057,398.99 contract for a new Hudson-Bergen Light Rail operator, just the second since the service launched in 2000. ...

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FAQs about Smooth sailing for SeaLink's $635m buyout of Transit Systems Coupon?

How many staff does Sealink have?

SeaLink now employs 1655 staff and reported revenue of $251 million to the end of June. Transit Systems consists of Transit Systems Australia and Tower Transit Group. SeaLink chief executive Jeff Ellison and Transit Systems chief Clint Feuerherdt, pictured at the Adelaide Oval. ...

What is Sealink's acquisition of Transit Systems Group?

SeaLink will acquire Transit Systems Group, which operates metropolitan commuter bus services in Sydney, Perth, Melbourne and Adelaide, and also has operations in London and Singapore. Transit Systems operates 3129 buses across 40 different long-term contracts in Australia, London and Singapore, mainly on behalf of governments. ...

Did Sealink shareholders approve a core resolution on the buyout?

A total of 99.98 per cent of shareholders approved a core resolution on the buyout at the meeting. SeaLink chief executive Jeff Ellison (left) with Transit Systems CEO Clint Feuerherdt. Transit Systems operates a string of bus contracts in Australia, the United Kingdom and Singapore, and has a fleet of 3129 buses. ...

What's going on with Sealink Travel Group?

SeaLink Travel Group, chaired by Andrew McEvoy, is readying its biggest ever acquisition. Photo: Michel O’Sullivan SeaLink is expected to seek to raise $150 million in a placement via Macquarie Capital, Ord Minnett and Taylor Collison to help fund the acquisition. It will use debt and existing cash to meet the rest of its cash commitments. ...

What ferry services does Sealink offer?

SeaLink runs Captain Cook Cruises on Sydney Harbour and commuter ferry services on the waterways of Sydney, ferries to tourism hot spot Kangaroo Island off South Australia, and a range of ferry services and tourism operations in Queensland, including Kingfisher Bay Resort on Fraser Island. ...

What is Sealink's market capitalisation?

SeaLink is an Australian Securities Exchange (ASX) listed company with a market capitalisation of approximately AUD$375 million. This is expected to grow following SeaLink’s equity raising announced today on the Australian Securities Exchange and the completion of the acquisition, the companies state. ...