InfraRed Capital Partners has acquired a majority stake in Vancouver Island Ferry Company to enhance transportation services between Vancouver and Nanaimo, utilizing two high-speed catamarans and focusing on sustainability.

Target Company Overview

InfraRed Capital Partners (InfraRed) has announced a significant investment in the Vancouver Island Ferry Company (VIFC) with the aim of establishing and developing the business. This investment includes funding for the acquisition of two high-speed passenger catamarans, leasing arrangements, and initial setup costs, positioning VIFC to enhance transportation options in the region. InfraRed has secured a majority stake in the company and is partnering with Conqora Capital Partners, who bring extensive experience in infrastructure and transportation sectors.

The VIFC will operate two high-speed passenger catamarans offering year-round, 70-minute direct service between downtown Vancouver and downtown Nanaimo on Vancouver Island. This route is essential for tourism, business travel, and community connectivity, with each vessel capable of accommodating up to 354 passengers and executing three to five round trips daily.

Industry Overview in Canada

The ferry transportation sector in Canada plays a pivotal role in connecting remote communities, supporting tourism, and facilitating trade. With a rich maritime herit