Wes Edens is the co-founder of Fortress Investment Group, as well as the head of the Brightline rail-service company, which recently announced a partnership with Richard Branson’s Virgin Group. With Brightline, Wes Edens has successfully established the first privately-held rail-service in existence today, while Richard Branson has been actively involved in the United Kingdom’s railway industry for the better part of two decades. Brightline made its first advancements in May of 2018, establishing a system that connected Ft. Lauderdale, Miami, and West Palm Beach, and, in the near future, plans to form a line that connects Las Vegas with Southern California. Today, Virgin Group is considered to be one of the most recognized business entities in the world – well-versed in travel, hospitality, and a number of other sectors. Wes Edens, speaking of the recent union, believes that the connection with Virgin Group will be a considerably profitable one, with the ability to disrupt the rail-service industry. More about of Wes Edens at Bloomberg.
In a recent public appearance, Wes Edens and Richard Branson stated their belief that Brightline’s partnership with Virgin Group, will reinvent the rail-service industry in America. Once the transaction is finalized, Brightline will adopt the Virgin Trains moniker, becoming Virgin Trains USA. Today, Virgin Group successfully operates in a variety of sectors, including telecommunication, music, and entertainment – all of which will serve to increase the visibility of-of the rail-service. Recently, Mr. Branson spoke publicly about Brightline’s partnership with Virgin Trains, revealing, that he and Virgin Group had been long awaiting an opportunity to provide their high-quality rail-service on American soil. Last year, numbers regarding the United Kingdom’s West Coast Main Line showed that over 38 million trips were taken by train – Brightline hopes that by aligning with Virgin Group’s brand, it will allow the company to see numbers in a similar range. In 2019, rebranding efforts will become official, but, the company’s existing management team, an affiliate of Fortress Investment Group, will remain the majority owner. Upon closing, an affiliate of Virgin Group is also expected to purchase a minority share of Virgin Trains USA.
Read More: https://en.wikipedia.org/wiki/Wes_Edens