InfraRed Capital Partners has acquired GulenSkyss, a Norwegian ferry and ambulance vessel operator, aiming to leverage its growth potential in a region with significant transportation needs.

Target Company Overview

InfraRed Capital Partners (“InfraRed”), a prominent international mid-market infrastructure asset manager, has successfully acquired GulenSkyss, a Norwegian operator specializing in ferry and ambulance vessel services. This acquisition, completed through an InfraRed-managed value-add fund, involves obtaining 100% ownership from the founder of the company. With a solid presence on Norway’s west coast, GulenSkyss presents considerable opportunities for future growth.

GulenSkyss operates a fleet of 15 vessels, including express and car ferries, pilot boats, and ambulance vessels, all under long-term contracts with public entities. The company is integral to the Norwegian transportation infrastructure, providing essential emergency services and reliable transportation links in a region characterized by challenging geography.

Industry Overview in Norway

The transportation sector in Norway, particularly maritime services, is bolstered by the country's extensive coastline of 100,000 km, which is marked by numerous fjords and islands.