Fortress Investment Group’s Brightline Merges with Virgin Group

Virgin Group is one of the most recognized hospitality and travel brands in the world. Brightline, on the other hand, FIG is the first privately owned intercity passenger railroad company in America has operated in more than a hundred years. Richard Branson, a British billionaire, owns Virgin Group and Fortress Investment Group, an investment Management company from New York, owns Brightline. The two signed a trademark licensing agreement and a strategic partnership that resulted in the establishment of Virgin Trains USA. Virgin Group owns Virgin Hyperloop One, a high-speed rail, and Virgin Atlantic Airline. The company is not new in the transport industry. In May 2018, Brightline expanded its rail services in West Palm Beach, Fort Lauderdale, and Miami and plans are underway to extend the services to Southern California and Las Vegas from next year. The new company is expected to launch its operations in the United States of America starting next year after approval from, the Federal government. Find out more about Fortress Group Investment at patch.com

According to one of the founding members of Fortress Investment Group, Wes Edens, the company brought Virgin Group aboard to strengthen America’s rail system. He points out that the Brightline decided to work with Virgin Group because of its well-built trusted and respected brand in the hospitality and travel industry. Edens adds that Fortress Investment Group boasts of rich customer experience, the culture of disruption and innovation and tremendous success in its operations. He insists that the collaboration of the two companies is a promising venture.

In his remarks, Richard Branson noted that his company shook the transport markets through its successful innovative business ventures. He added that Virgin America transformed the American air travel since it provides tens of Millions of Americans who travel by air every day with excellent services.He was optimistic that the two companies would improve the travel pattern of the United States. He pointed out that Brightline is the ideal partner to roll out the new Virgin Trains USA project. Fortress Investment Group’s Brightline President Patrick Goddard noted that his company needed the Virgin Group’s wisdom to reinvent train travel in the United States of America because of the company’s track record. He was optimistic that the partnership would benefit the two companies since their combined efforts would boost their growth in the transport market.

Learn more: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=666715

 

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