Wes Edens: Re-inventing the Rail Transport

Wes Edens is a renowned philanthropist and Fortress Investment LLC co-founder. He was born in October 1961 in United stated and he is blessed with four children together with his wife Lynn Edens. Wes Edens is also the owner FlyQuest sports team and co-owns the Wisconsin based National Basketball Association franchise called Milwaukee Bucks. Wes Edens started his working career in 1987 with Lehman Brothers as a Managing Director and later proceeded to BlackRock’s private equity. His experience has enhanced his expertise in private equity and refined his investment style. He was recognized by the Wall Street Journal in 2007 as one who uses creative financing aspect to raise investments for building businesses.

Wes Edens is also an owner of Brightline trains that is based in Miami. This is a railway company of high-speed rails and plans on extending to Florida. To achieve this, Wes Edens plans on purchasing the railway company named Xpress West that links Las Vegas and Northern California. The rail project is currently under the ownership of Tony Marnell. Virgin Trains USA LLC and Brightline are coming together in efforts to change the narrative of the train in the United States. Railways were a common mode of transport in the country buy the glory is easily losing its course. Though people still use them, they are not excited by the services offered on transit.

Richard Branson and Wes Edens are looking to convince investors to join them to change this narrative. To this effort, Virgin Trains have opened up an initial Public Offering looking to raise $500M that will see it extend the previously known Brightline trains to Orlando. The trains will now reduce the journey from Miami to Orlando to close to three hours. In an era of technology, investment in railroads is not easy to raise. However, Virgin Trains brand offers leverage in exchange of a stake, return fees and cross selling opportunity. Transport by road is a cause of pollution to the environment, causes delays due to traffic and easily susceptible to accidents. Wes Edens idea to connects cities that are too long to drive, too short to fly is ideal and we wish him the best in his new venture.

Learn more: https://en.wikipedia.org/wiki/Wes_Edens

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