Macquarie Asset Management Acquires Minority Stake in Dow's U.S. Gulf Coast Infrastructure to Launch Diamond Infrastructure Solutions
December 9, 2024
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.
- Buyers
- Macquarie Asset Management, Macquarie Infrastructure Partners VI (MIP VI)
- Targets
- Select U.S. Gulf Coast infrastructure assets of Dow Inc.
- Sellers
- Dow Inc.
- Industry
- Infrastructure
- Location
- Michigan, United States
- Transaction Type
- Divestiture
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