Brightline is a railroad passenger service with a number of operations across the United States. This firm has just announced a new partnership deal with the Virgin Group, which is yet another trusted brand. The amount of investment by the Virgin Group remains undisclosed but the treaty has already been signed, the sure thing is that this empire is investing in this course. The Passenger rails beginning 2019, will be branded Virgin Trains USA but Virgin in this pact is a minority shareholder.
Fortress Investment Group is keen on this partnership as it is among the main investors, actually has majority ownership over Brightline. It has been managing this firm, and as its Chief Executive Officer, Wes Edens explain this role goes on. Fortress Investment Group will manage all operations, business development strategies, and the engineering, while Brightline will oversee the administration.
Wes Edens foresees the business booming with the addition of the Virgin Group. In part, he revealed that Virgin Team is reputable and share in the Brightline objectives of excellence in customer service, innovation and market disruption which will steer the firm forward. This project is aimed at establishing rail services in West Palm Beach, Fort Lauderdale, and Miami. In the same vein, they will introduce high-speed rails that will provide many commuters with a reliable means of transport from one end to the next. This will positively disrupt transport business and create many business opportunities. More about of Wes Edens at Crunchbase.
About Mr. Edens
Wes Edens is a business expert, investor, and entrepreneur based in New York City alongside his wife, Lynn Edens, and family. He acclaimed for his incomparable acumen in all private equity and hedge fund management having worked in reputable firms with proven success record. Wes Edens is a co-founder of Fortress Investment Group that is currently trading in the New York Stock Exchange. He is the Aston Villa FC co-chairman and a major shareholder and is still one of the co-owners to Milwaukee Bucks. Mr. Edens studied business administration and finance from the State University of Oregon and has since then developed a flourishing career in the same line.