ACQUISITION OF TRANSIT SYSTEMS MARINE BUSINESS AND CAPITAL RAISING
Friday 18th September 2015
SEALINK TO BECOME LARGEST MARINE TOURISM
AND TRANSPORT COMPANY IN AUSTRALIA
• SeaLink Travel Group Limited to acquire 100% of the Transit Systems Marine business, including the renowned Stradbroke Ferries
• Purchase price of $125 million
Transit Systems Marine operates 33 vessels in Queensland at Gladstone, Southern Moreton Bay Islands and North Stradbroke Island. It operates contracted and non-contracted passenger and vehicular ferry services to Curtis Island, Moreton Bay Islands and holds a contract with the Queensland State Government to own and operate the Moggill Ferry on the Brisbane River. It also has a number of strategic properties, which will be acquired as part of the acquisition. The Transit Systems brand will not be acquired as part of the purchase.
Retrieved from https://www.sealinktravelgroup.com.au/news-media/2015/acquisition-of-transit-systems-marine-business/#.WPatTHQ_7qA April 19 2017
Stradbroke Ferries commenced operations in 1964 and has provided a continuous link to the islands off the coast of Brisbane for over 50 years. Stradbroke Ferries operates passenger and car carrying ferries that service the Southern Moreton Bay Islands and North Stradbroke Island in Moreton Bay.
Today the service operates eight vehicle and one passenger ferry and employs over 100 staff. The fleet is headlined by the Big Red Cat and Minjerribah passenger and car carrying vessels that service North Stradbroke Island. The business also operates the Moggill Ferry on behalf of the QLD Transport and Main Roads Department. Stradbroke Ferries carries approximately 280,000 vehicles and 1 million passengers per annum.
Stradbroke Ferries endeavours to provide its customers with:
A high quality, affordable transport service to and from North Stradbroke Island and the Southern Moreton Bay Islands;
A comfortable and enjoyable way to see the beautiful bay;
Exceptional customer service with polite and friendly staff;
Vessels presented to the highest standards; and
Impeccable safety, quality and environmental standards.
Retrieved from http://www.transitsystems.com.au/sydney/news/2-uncategorised/24-stradbroke-ferries April 19 2017
June 2014 marks 50 years of service to North Stradbroke Island!
Stradbroke Ferries Pty Ltd has been providing vehicle and passenger services to North Stradbroke Island since June 1964, when the Company’s founding Directors identified the need for a regular vehicle transport service to the island, and in particular to service the mining industry.
The company originally operated one vehicle ferry, the Myora from Redland Bay to Dunwich on Stradbroke Island, however in 1972 the operations moved to Cleveland after the company completed extensive work on the present facilities at Toondah Harbour.
In 1987 Stradbroke Ferries commenced their vehicle ferry operations to the Southern Moreton Bay Islands, which serviced the islands of Russell, Macleay, Karragarra and Lamb.
Tourism on Straddie first started to advance in the 1980s and the company identified the need to review its vessel configuration to ensure that it also catered for the growing tourism market. Just to name a few, this included the introduction of the Stradbroke Venture in 1987 along with the company’s first water taxi, the Spirit of Stradbroke. The Quandamooka commenced operations in 1994 and was upgraded in 1998 to provide on board café facilities for customers. In 2004 the Minjerribah joined the Cleveland fleet and this provided the company with the two largest vessels to operate in Moreton Bay.
In December 2011, Stradbroke Ferries was purchased by Transit Systems, a family owned Australian company. The company developed a single brand for the entire fleet operating to North Stradbroke Island, including the Big Red Cat and water taxi.
In November 2015, Stradbroke Ferries was purchased by SeaLink Travel Group, which is the largest marine tourism and transport company in Australia. The Moggill Ferry service, BITS (Bay Islands Transit) and Gladstone Ferries marine operation was also included in the acquisition of the Transit Systems marine business.
Today the company operates eight vehicle ferries and a 130 seat water taxi seven days a week, 365 days a year within Moreton Bay; this incorporates the five islands of North Stradbroke, Russell, Lamb, Macleay and Karragarra.
https://www.stradbrokeferries.com.au/about-us/history/ April 19 2017