InfraRed Capital Partners acquires Norwegian vessel operator GulenSkyss

InfraRed Capital Partners, a UK-based international mid-market infrastructure asset manager, has completed the acquisition of GulenSkyss, a Norwegian ferry and ambulance vessel owner and operator.

InfraRed has acquired 100 per cent of GulenSkyss' business from its founder for an InfraRed-managed value-add fund.

GulenSkyss owns and operates express and car ferries, pilot boats, and ambulance vessels, under long-term concessions with public counterparties.

Through its fleet of 15 vessels, including one under construction, GulenSkyss provides access to emergency services and transportation connections.

"With its longstanding presence, reputation for reliability, and experienced management team, GulenSkyss is well-positioned for further expansion," InfraRed said in a press release.

In recent years, GulenSkyss has been building out its fleet and moving into new regions and different parts of the ferry market.

In December 2024, GulenSkyss won a tender for the operation of the car ferry connection between Breistein and Valestrand. Recently, the company also secured the Solfjellsjøen – Vandve car ferry route in Nordland County in northern Norway.

"GulenSkyss’s carefully designed vessels meet local needs, providing invaluable services for residents and communities," said InfraRed Partner Sven Stubican. "We look forward to working with the exceptional management team, leveraging our experience with other portfolio companies, such as Vancouver Island Ferries in Canada."

Frode Sønstabø, CEO, GulenSkyss, meanwhile commented that the acquisition by InfraRed, "gives [GulenSkyss] a unique opportunity to strengthen [its] position within [its] market segments."