Souter Investments
is one of the UK’s leading family investment offices specialising in private equity



Vintage: April 2009

Sector: Transport

Location: Auckland, New Zealand

Type: Acquisition

Souter Role: Lead Investor, Majority Stake

Souter Director: No

Status: Current

Fullers360 is the largest provider of maritime passenger transport services in New Zealand, providing essential ferry services to the vibrant communities located in Auckland and the Hauraki Gulf, New Zealand’s largest population centre and public transport market.

Also a major tourism and leisure operator, Fullers360 offers unique visitor experiences in some of the most iconic locations in New Zealand’s north island to both the domestic and international markets, including Waiheke Island and the conservation sites of Rangitoto Island and Tiritiri Matangi.

Fullers360 carries almost 6 million passengers per annum across its large fleet of fast catamaran ferries as well as New Zealand’s first full electric urban bus fleet.

The company’s continuing strong commitment to its ESG responsibilities means that, in addition to its substantial contribution to cutting congestion, journey times and carbon emissions through enabling continuing modal shift from the private car, Fullers360 is at the forefront of research, design and investment in the development, commissioning and deployment of new, clean emission technologies in the marine environment, such as hybrid, electric and hydrogen powered vessels.

Souter Investments acquired Fullers360 in 2009 from financial investor Infratil.