M&A Deal Summary

SeaLink Travel Group Acquires Transit Systems Pty

On October 7, 2019, SeaLink Travel Group acquired transportation company Transit Systems Pty for 698M AUD

Acquisition Highlights
  • This is SeaLink Travel Group’s 1st transaction in the Transportation sector.
  • This is SeaLink Travel Group’s 0th largest (disclosed) transaction.
  • This is SeaLink Travel Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-10-07
Target Transit Systems Pty
Sector Transportation
Buyer(s) SeaLink Travel Group
Deal Type Add-on Acquisition
Deal Value 698M AUD

Target

Transit Systems Pty

South Brisbane Queensland, Australia
website
Transit Systems Pty Ltd design and deliver public transport solutions that attract passengers because they are easy to use, reliable, convenient and safe. To ensure ease of use, Transit Systems deliver integrated bus services and transport networks, intelligently easing road congestion and increasing a city’s sustainability and livability.

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Buyer(S) 1

Buyer

SeaLink Travel Group

Adelaide, Australia

website

Category Company
Founded 1989
Sector Leisure
Revenue 624M AUD (2020)
DESCRIPTION

SeaLink Travel Group operates as a tourism and transport company in Australia. SeaLink Travel Group Ltd. operates through four segments: Kangaroo Island SeaLink (SA), Captain Cook Cruises (CCC), SeaLink Queensland (QLD), and SeaLink Fraser Island (Fraser Island). The SA segment offers ferry services, tours in South Australia, packaged holidays, retail travel services, accommodation facilities at Vivonne Bay, and accommodated cruising on the Murray River. It also provides ferry services to Bruny Island in Tasmania. he CCC segment operates tourist cruises; and lunch, dinner, and charter cruises, as well as offers, ferry passenger services on Sydney Harbour and in Perth. The QLD segment offers ferry passenger services, as well as packaged holidays in Queensland and the Northern Territory. The Fraser Island segment provides ferry services; tours on Fraser Island; retail outlets for fuel, food, and alcohol; and accommodation facilities at Kingfisher Bay Resort and Eurong Beach Resort. SeaLink Travel Group was founded in 1989 and is based in Adelaide, Australia.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-02 Go West Tours

Northcote, Australia

Go West Tours is a provider of charter, rental and tour vehicles servicing the mining, education, tourism and government sectors. Go West Tours is based in Northcote, Australia.

Buy AU$85M
Mergr

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Company

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