SeaLink Travel Group
SeaLink Travel Group (ASX: SLK) is an Australian public company that operates tourist and travel services. As at February 2016, it operated 69 vessels.
Public | |
Traded as | ASX: SLK |
Industry | Tourism & travel |
Founded | 1989 |
Headquarters | , Australia |
Area served | New South Wales Northern Territory Queensland South Australia Western Australia |
Key people | Clint Feuerherdt (managing director) |
Revenue | $251.3 million (June 2019) |
$23.4 million (June 2019) | |
Subsidiaries | Bay Islands Transit Captain Cook Cruises Captain Cook Cruises Western Australia Gladstone Ferries Kangaroo Island SeaLink Matilda Cruises Stradbroke Ferries Transit Systems |
Website | www.sealinktravelgroup.com.au |
History
In 1989, the business was founded with the purchase of the Kangaroo Island SeaLink business. In 2004, it purchased Subritzky Ferries in Auckland. This was sold in 2011.[1]
In 2011, the business of Captain Cook Cruises (including the previously taken over Matilda Cruises), Murray River Cruises and Sunferries Townsville was purchased.[1] The Townsville operation was rebranded Sealink.[2]
SeaLink has also diversified, purchasing specialist travel companies, managing the Adelaide Central bus station, operating the SkyLink Adelaide Airport Shuttle Service and a coach operation.[1][3] In September 2013, SeaLink commenced a ferry operation in Darwin.[4]
In October 2013, SeaLink was floated on the Australian Securities Exchange.[5]
In November 2015, SeaLink acquired Transit Systems marine operations, which includes:[6]
- Bay Islands Transit ferry operation in Brisbane,
- Gladstone Ferries,
- Stradbroke Ferries operation in Brisbane.
In February 2016, the Captain Cook Cruises Western Australia business was purchased.[7]
In October 2019, the company announced the acquisition of the remaining business of Transit Systems for $635 million.[8] As part of the transaction, Sealink's CEO, Jeff Ellison, stepped down, to be replaced by Transit Systems' CEO, Clint Feuerherdt, who took a 2.6% shareholding of the enlarged SeaLink.[9][10][11] Transit System's co-founder and chairman Neil Smith joined the SeaLink Board of Directors as a non-executive director and also took up 15.3% shareholding of the company.[12] The deal was completed in January 2020.[13]
References
- Prospectus SeaLink Travel Group 2013
- Sealink News Sealink Queensland
- SeaLink Australian Bus Fleet Lists
- Half Yearly Report SeaLink 31 December 2013
- Terry Dodd has each way bet on Manly fast ferries tender Sydney Morning Herald 3 December 2014
- "Completion of Acquisition of Transit Systems Marine". SeaLink Travel Group. 6 November 2015. Archived from the original on 29 February 2016. Retrieved 1 February 2016.
- Acquisition of Captain Cook Cruises Western Australia SeaLink Travel Group 24 February 2016
- "SeaLink to buy bus business Transit Systems, raise equity". Australian Financial Review. 7 October 2019.
- "SeaLink boss to set sail in bus buyout deal". Australian Financial Review. 7 October 2019.
- "SeaLink gets on the bus in $635m Transit Systems buy". The Australian. 7 October 2019.
- "SeaLink eyes offshore push with Transit Systems". Australian Financial Review. 8 October 2019.
- "SeaLink announces strategic acquisition of Transit Systems Group and launches capital raising". SeaLink Travel Group. 7 October 2019. Archived from the original on 8 October 2019. Retrieved 8 October 2019.
- Sealink Completes Acquisition of Transit Systems Group SeaLink Travel Group 16 January 2020