Wes Edens, one of the founders of the Fortress Investment Group, has been managing the operations of Brightline since it started operations back in January 2018. One of the reasons why he built the rail system is because of the heavy traffic in Southern Florida, and he wanted to help the population by building a transport system that would be more efficient than driving or flying. Brightline is now considered as the first rail network owned by a private organization, and according to Wes Edens, they are now trying to study the possibility of building the same system in other congested cities across the United States. Read the article about Fortress at The Wall Street Journal.
To further the development of the company, Wes Edens decided to partner with the Virgin Group, a conglomerate owned by Richard Branson. As a part of the contract, Brightline will be changing its name into Virgin Trains USA, and the transition will be completed in 2019. Despite the change in the brand name, the Virgin Group will only be acquiring a small portion of the company, and the Fortress Investment Group will still manage the majority of Brightline. The current railroad network serviced by Brightline can be found between West Palm Beach, Fort Lauderdale, and Miami, which is home to millions of people. Wes Edens revealed that an extension of the railroad network is possible, and they will be building it up to Tampa and Orlando. Other construction procedures will be taking place in Las Vegas as well, to serve the Southern California area.
Wes Edens and Richard Branson have a lot of visions for the expansion of the railway network. Transforming the country’s transport network is what the Virgin Group is aiming for. Richard Branson stated that his company changed the way Americans look at air travel, and he promises that with the partnership between his company and the Fortress Investment Group, rail travel in the United States will significantly change. People from Florida felt delighted now that a fast and efficient railroad network from the Fortress Investment Group is servicing thousands of commuters each day. They are also looking forward to having the major cities in the state connected in the future through the extension project from Brightline.
More Business News: https://www.businesswire.com/news/home/20171227005358/en/SoftBank-Group-Completes-Acquisition-Fortress-Investment-Group
How do you survive in a hyper-competitive industry? Creating a business that can survive in the face of competition is difficult enough, imagine if that competition was some of the biggest companies on the planet. The meat industry is booming. Fad diets, a growing population, and cheaper methods of raising meat have grown the meat industry into a modern Goliath.
One company is showing that it can not only survive but thrive in this industry. OSI Industries has been growing and growing fast. Key acquisitions in Europe and rapid expansion in the United States have made OSI an aggressor in the meat processing industry.
OSI recently acquired Baho Foods — a privately owned Dutch company that operates out of Germany and the Netherlands — for an undisclosed amount. Baho is a huge food supplier in their territory, and this acquisition is set to increase OSI Industries presence in these territories. The Netherlands and Germany can both be hard to break into, especially for an American company. OSI acquiring Baho foods seems like the perfect move to increase their foothold in these countries.
Baho Foods isn’t the only major European acquisition that OSI has made recently, the Flagship Europe deal last year turned some heads in the industry. Flagship Europe — now Creative Foods — is a major supplier of sandwich fillings, poultry, and jams. Acquiring Flagship Europe isn’t just about the increase OSIs branding or product portfolio it also gives OSI a vastly increased network in Europe, something that is very important to remain competitive in the industry.
In the United States — OSIs home territory — OSI has been increasing production capabilities rapidly. In southern Chicago, OSI Industries recently purchased a food plant from Tyson (another major player in the meat processing industry) for $7.4 million. Within the first year, OSI converted the plant to be able to produce not only chicken but beef and pork as well. This strong presence in Chicago is important to OSI and the old Tyson food plant adds to OSI Industries growing list of Chicago-based food processing plants.
OSI Industries is an example of a company that is remaining competitive. With a few major European acquisitions and huge production upgrades in the United States, OSI is looking comfortable. OSI Industries isn’t backing down from a little competition. It seems that competition is only driving them to compete harder and their brand better, faster, and more connected than ever.
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