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Mackinac Island Ferry Company Acquisition by The Hoffman Group

Industry Consumer, Sell-Side Advisory, Transactions

The Mackinac Island Ferry Company (MIFC)—with locations in Mackinaw City, St. Ignace, and Mackinac Island, Michigan—has been acquired by The Hoffmann Group, based in Florida. MIFC’s vessels ferry more than half a million passengers to and from Mackinac Island each year while operating its famous Hydro-Jet® Ferry fleet, the Good Fortune pirate ship, and the esteemed Arnold Line Ferry fleet—Mackinac Island’s first ferry which has been operational since 1878. The Company’s Mackinac Marine Services (MMS) shipyard, offering access to its 200 metric-ton boat lift (the largest in Michigan) was established in 2019 and provides repair and maintenance services for commercial and recreational vessels year-round.

Mackinac Island is a renowned travel destination and home to the world-famous Grand Hotel. The island is unique for being car-free and accessible only by water or small aircraft. This acquisition upholds the MIFC’s legacy, ensuring the continuation of first-class transportation to and from the Island from its six docks in the area while securing the jobs of all 200 employees.

This acquisition allows the Mackinac Island Ferry Company, led by its CEO, Jerry Fetty, to invest in its future growth while maintaining its unique identity. The company remains dedicated to high service standards and contributing to the thriving Mackinac Island community.

Cascade Partners served as the exclusive sell-side advisor, and Honigman, LLP served as legal advisor to the Mackinac Island Ferry Company acquisition.

Learn more about this transaction here: Star Line Mackinac Island Ferry Co. sells to Florida billionaire (freep.com)