Macquarie Infrastructure Partners Acquires RailUSA, LLC

RailUSA Acquires CSX's 430-Mile Florida Panhandle Rail Line (Florida Gulf & Atlantic Railroad)

June 3, 2019

Transportation

RailUSA acquired a 430-mile rail line and related real estate from CSX Corporation, creating the Florida Gulf & Atlantic Railroad (FGA) which runs from Baldwin to Pensacola, Florida. The line carries about 30,000 annual carloads, has 65 employees and 18 locomotives; terms were not disclosed. RailUSA is backed by Equity Group Investments and International Rail Partners.

Macquarie Asset Management Acquires Minority Stake in Dow's U.S. Gulf Coast Infrastructure to Launch Diamond Infrastructure Solutions

December 9, 2024

Infrastructure

A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.

Akiem Group Acquires Macquarie European Rail from Macquarie Group

February 17, 2020

Transportation

Akiem Group has agreed to acquire Macquarie European Rail, the rolling stock leasing business of Macquarie Group Limited. The purchase — terms undisclosed — transfers Macquarie’s passenger and freight rolling stock leasing operations across Europe and the United Kingdom to Akiem; completion is subject to customary closing conditions.

Macquarie Asset Management Acquires 50% Stake in Last Mile Infrastructure Group from Infracapital

December 20, 2023

Utilities

Macquarie Asset Management (via Macquarie European Infrastructure Fund 7) has acquired a 50% stake in Last Mile Infrastructure Group from Infracapital, with Infracapital retaining the remaining 50%. Last Mile, one of the UK’s largest independent network owners that designs, builds, owns and operates last-mile electricity, gas, water and wastewater networks, will benefit from the partnership to support growth and energy-transition opportunities across the UK. The transaction remains subject to regulatory approvals.

Argo Affiliate Acquires Macquarie Infrastructure Holdings (MIC)

July 21, 2022

Infrastructure

An affiliate of Argo Infrastructure Partners, LP completed a merger to acquire Macquarie Infrastructure Holdings, LLC (MIC) for $4.11 per unit, with the transaction closing on July 21, 2022 and resulting in MIC’s delisting from the NYSE. The deal was presented as a take-private transaction to unlock value for equity holders; Lazard and Evercore served as financial advisors and White & Case as legal counsel to MIC.

Macquarie-led Consortium Acquires 88% Stake in AirTrunk

April 8, 2020

Infrastructure

A consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), managed by Macquarie Infrastructure and Real Assets (MIRA), has closed financial close to acquire an 88% stake in AirTrunk, valuing the company at more than A$3 billion. The stake was purchased from Goldman Sachs, Sixth Street Partners and founder Robin Khuda, who will retain a material stake and remain CEO; the investment will accelerate AirTrunk's planned expansion across the Asia-Pacific.