SharpVue Capital Acquires Bald Head Island Ferry System from Bald Head Island Limited for $67.7M

May 31, 2022

Raleigh-based private equity firm SharpVue Capital agreed to acquire the remaining Mitchell family operations and related real estate assets from Bald Head Island Limited, including the Bald Head Island ferry, tram, barge, parking operations and marinas, in a deal valued at $67.7 million. The ferry and tram transfer requires approval from the North Carolina Utilities Commission; SharpVue plans to retain existing staff and pursue operational and technological upgrades while maintaining current service levels and regulated fares.

Targets
Bald Head Island Limited
Sellers
Bald Head Island Limited, Mitchell family estate
Industry
Transportation
Location
North Carolina, United States
Transaction Type
Buyout

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