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Macquarie Infrastructure Corporation

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This is an old revision of this page, as edited by Wbm1058 (talk | contribs) at 19:37, 5 September 2018 (+ hatnote: Not to be confused with Macquarie Infrastructure and Real Assets). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Macquarie Infrastructure Corporation
Company typePublic
NYSEMIC
Russell 1000 Component
IndustryAerospace
Bulk Liquid Storage
Hydronics
Oil and gas
Founded2004
Headquarters,
Key people
Martin Stanley (Chairman) James Hooke (President & CEO) Liam Stewart (CFO)
RevenueIncrease US$1.03 billion (FY 2012)
Decrease US$29.5 million (FY 2012)
Decrease US$13.3 million (FY 2012)
Total assetsIncrease US$2.22 billion (FY 2012)
Total equityDecrease US$655.0 million (FY 2012)
Number of employees
+2,000
SubsidiariesAtlantic Aviation, IMTT, MIC Hawaii, CP&E
Websitewww.macquarie.com/mic
Footnotes / references
[1]

Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses. Macquarie Infrastructure Corporation's business consists of the largest network of fixed-base operations in the United States, the largest bulk storage terminal business in the U.S., a gas production and distribution business, and a controlling interest in two district energy businesses. The company is headquartered in New York City. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. MIMUSA is a member of Sydney-based Macquarie Group Limited.[2]

History

The company took its name from Macquarie Bank, which took its name from Lachlan Macquarie, who was Governor of New South Wales. One of his achievements includes the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey dollar. Macquarie's logo is a stylized version of Holey dollar coin.[3]

On December 16, 2004 the company went public as Macquarie Infrastructure Company Trust: it sold 26 million shares at $25 a piece and collected $665 million.[4]

On January 11, 2006, the AvPorts division was merged into the Atlantic division.

On January 1, 2007, Macquarie Infrastructure Company Trust was succeeded by Macquarie Infrastructure Company LLC.

On January 1, 2009, AvPorts was sold to Aviation Facilities Company, Inc. (AFCO).[5]

On January 28, 2010, Macquarie Infrastructure Corporation announced that its airport parking business, Parking Corporation of America Airports (PCAA), had entered into an asset purchase agreement with Bainbridge ZKS - Corinthian Holdings, LLC. The company had earlier filed for Chapter 11 Bankruptcy.[6]

On May 21, 2015, membership interests in Macquarie Infrastructure Company LLC were exchanged, one for one, for shares of Macquarie Infrastructure Corporation as a result of the conversion of the Company from a Delaware limited liability company to a Delaware corporation.[2]

Subsidiaries

  • Atlantic Aviation
  • MIC Hawaii (formerly Hawai'i Gas)
  • International-Matex Tank Terminals (IMTT)
  • CP&E

Atlantic Aviation

Atlantic Aviation is a wholly owned and operated subsidiary of Macquarie Infrastructure Corporation. It is an aviation services company that operates a chain of Fixed-Base Operator facilities across the United States. It is headquartered in Plano, Texas.[7]

FBO locations

As of July 2012, Atlantic Aviation offers fixed base operator (FBO) services at the following locations in the United States:[8]

  1. 6N5 – New York City, NYAtlantic Metro Port
  2. ABQ – Albuquerque, NMAlbuquerque International Sunport
  3. ADS – Addison, TXAddison Airport
  4. ASE – Aspen, COAspen Pitkin County Airport
  5. AUS – Austin, TXAustin-Bergstrom International Airport
  6. BDR – Stratford, CTSikorsky Memorial Airport
  7. BFL – Bakersfield, CAKern County Airport / William H. Thomas Terminal
  8. BHM – Birmingham, ALBirmingham International Airport
  9. BNA – Nashville, TNNashville International Airport
  10. BUR – Burbank, CABob Hope Airport
  11. CHS – North Charleston, SCCharleston International Airport
  12. CLE – Cleveland, OHCleveland Hopkins International Airport
  13. CPR – Casper, WYNatrona County International Airport
  14. CRP – Corpus Christi, TXCorpus Christi International Airport
  15. DVT – Phoenix, AZDeer Valley Municipal Airport
  16. ELM – Horseheads, NYElmira/Corning Regional Airport
  17. ELP – El Paso, TXEl Paso International Airport
  18. EUG – Eugene, ORMahlon Sweet Field
  19. FMN – Farmington, NMFour Corners Regional Airport
  20. FRG – Farmingdale, NYRepublic Airport
  21. FWA – Ft. Wayne, INFort Wayne International Airport
  22. HFD – Hartford, CTHartford-Brainard Airport
  23. HOU – Houston, TXWilliam P. Hobby Airport
  24. IAH – Houston, TXGeorge Bush Intercontinental Airport
  25. ILG – New Castle, DENew Castle County Airport
  26. JAN – Jackson, MSJackson-Evers International Airport
  27. JZI – Johns Island, SCCharleston Executive Airport
  28. LAS – Las Vegas, NVMcCarran International Airport
  29. LAX – Los AngelesLos Angeles International Airport
  30. MDW – Chicago, ILChicago Midway Airport
  31. MHR – Mather, CASacramento Mather Airport
  32. MSY – Kenner, LALouis Armstrong International Airport
  33. OKC – Oklahoma City, OKWill Rogers World Airport
  34. ONT – Ontario, CAOntario International Airport
  35. OPF –Opa Locka, FL - Opa Locka Executive Airport
  36. PDK – Atlanta, GADekalb-Peachtree Airport
  37. PDX – Portland, ORPortland International Airport
  38. PHF – Newport News, VAWilliamsburg International Airport
  39. PHL – Philadelphia, PAPhiladelphia International Airport
  40. PIT – Moon Township, PAPittsburgh International Airport
  41. PNE – Philadelphia, PANortheast Philadelphia Airport
  42. PSP – Palm Springs, CAPalm Springs International Airport
  43. PWA – Bethany, OKWiley Post Airport
  44. PWK – Wheeling, ILChicago Executive Airport
  45. RIL – Rifle, COGarfield County Airport
  46. RNO – Reno, NVReno-Tahoe International Airport
  47. SBA – Goleta, CASanta Barbara Municipal Airport
  48. SBN – South Bend, INSouth Bend Regional Airport
  49. SCK – Stockton, CAStockton Metropolitan Airport
  50. SDF – Louisville, KYLouisville International Airport
  51. SJC – San Jose, CANorman Y. Mineta San Jose International Airport
  52. SKF – San Antonio, TXLackland Air Force Base / Kelly Field Annex
  53. SMO – Santa Monica, CASanta Monica Airport
  54. SNA – Santa Ana, CAJohn Wayne Airport
  55. SUN – Hailey, IDFriedman Memorial Airport
  56. SWF – New Windsor, NYStewart International Airport
  57. TEB – Teterboro, NJTeterboro Airport
  58. TUL – Tulsa, OKTulsa International Airport
  59. TUS – Tucson, AZTucson International Airport
  60. UES – Waukesha, WIWaukesha County Airport

MIC Hawaii

MIC Hawaii (formerly Hawaii Gas) is a wholly owned subsidiary of Macquarie Infrastructure Corporation, founded in 1904. It is the sole franchised gas utility provider in the state of Hawaii. The company provides synthetic natural gas, and propane, and is working on providing Liquid Natural Gas (LNG) to 70,000 customers in Hawaii. The company recently underwent a rebranding, changing its name from The Gas Company to Hawai'i Gas, to reflect its position on changing Hawaii's energy future.[9][10]

International-Matex Tank Terminals

International-Matex Tank Terminals (IMTT), founded in 1939 and based in New Orleans, Louisiana, is the owner of the largest bulk storage terminal businesses in the United States. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals.[11] The company also provides support services, such as design, procurement, and construction management of retrofit and grassroots facilities in petrochemical and chemical storage facilities; inventory management; tank leasing; packaging; and heating, blending, and product services. In addition, IMTT offers intra-company rail service flexible blending and transfer, customer waterfront, economical heating, petroleum reserve, and drum filling services.[12] Macquarie Infrastructure Group purchased 50 percent stake in 2006, and assumed full ownership in 2014.[13]

Storage Terminal Locations
  1. Richmond, CA
  2. Joliet, IL
  3. Lemont, IL
  4. Avondale, LA
  5. Geismar, LA
  6. Gretna, LA
  7. St. Rose, LA
  8. Bayonne, NJ
  9. Chesapeake, VA
  10. Richmond, VA
  11. Quebec, Canada
  12. Placentia Bay, Newfoundland[12]

References

  1. ^ "Macquarie Infrastructure Corporation (MIC)". Yahoo! Finance.
  2. ^ a b https://www.macquarie.com/mgl/com/mic/investor-center/faqs
  3. ^ "The holey dollar: a symbol of innovation". Macquarie Group. Retrieved 2016-05-02.[self-published source]
  4. ^ "Macquarie Infrastructure Company Reports 2004 Results". Shareholder.com. 23 March 2005. Retrieved 2016-05-02.
  5. ^ "Macquarie Infrastructure Company Completes Sale of Airport Management Contracts". The Free Library.com. Retrieved 2016-05-02.
  6. ^ "Macquarie Infrastructure Company's Airport Parking Business". Bloomberg.com.
  7. ^ "About Us". Atlantic Aviation. Retrieved 2016-05-02.[self-published source]
  8. ^ "Complete Location List". Atlantic Aviation. Retrieved 2016-05-02.[self-published source]
  9. ^ "Hawaii Gas company profile". Hawai'i Gas. Retrieved 2016-05-02.[self-published source]
  10. ^ "Hawai'i Gas LNG". Hawai'i Gas. Archived from the original on 2014-09-23. Retrieved 2016-05-02. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)[self-published source]
  11. ^ "About IMTT". International-Matex Tank Terminals. Retrieved 2016-05-02.[self-published source]
  12. ^ a b "Company Overview of International-Matex Tank Terminals, Inc". Bloomberg Business Week.
  13. ^ Zain Shauk (7 July 2014). "Macquarie to Buy Rest of International-Matex for $1 Billion". Bloomberg.com. Retrieved 2016-05-02.