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How Private Equity Lost the Mackinac Island Ferry Wars
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How Private Equity Lost the Mackinac Island Ferry Wars
Mackinac Island — You’re too poor to ride the ferry. You hear that? Maybe you weren’t 5 years ago, but you sure are now. You and your tragically thin wallet won’t be visiting Mackinac Island this summer. You’ve been priced out, you know why? It’s because Arnold Transit Co. and Shepler’s Mackinac Island Ferry—the only ferry companies offering regular service to the island—are both owned by Hoffmann Marine, a subsidiary of a Florida-based private …
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