Macquarie Infrastructure Corporation

Macquarie Infrastructure Corporation
Public
Traded as NYSE: MIC
Russell 1000 Component
Industry Aerospace
Bulk Liquid Storage
Hydronics
Oil and gas
Founded 2004
Headquarters 125 West 55th Street
New York, New York, United States
Key people
 Martin Stanley (Chairman) James Hooke (President & CEO) Liam Stewart (CFO)
Revenue Increase US$1.03 billion (FY 2012)
Decrease US$29.5 million (FY 2012)
Decrease US$13.3 million (FY 2012)
Total assets Increase US$2.22 billion (FY 2012)
Total equity Decrease US$655.0 million (FY 2012)
Number of employees
 +2,000
Subsidiaries Atlantic Aviation, IMTT, MIC Hawaii, CP&E
Website www.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, NY – Atlantic Metro Port
  2. ABQ – Albuquerque, NM – Albuquerque International Sunport
  3. ADS – Addison, TX – Addison Airport
  4. ASE – Aspen, CO – Aspen Pitkin County Airport
  5. AUS – Austin, TX – Austin-Bergstrom International Airport
  6. BDR – Stratford, CT – Sikorsky Memorial Airport
  7. BFL – Bakersfield, CA – Kern County Airport / William H. Thomas Terminal
  8. BHM – Birmingham, AL – Birmingham International Airport
  9. BNA – Nashville, TN – Nashville International Airport
  10. BUR – Burbank, CA – Bob Hope Airport
  11. CHS – North Charleston, SC – Charleston International Airport
  12. CLE – Cleveland, OH – Cleveland Hopkins International Airport
  13. CPR – Casper, WY – Natrona County International Airport
  14. CRP – Corpus Christi, TX – Corpus Christi International Airport
  15. DVT – Phoenix, AZ – Deer Valley Municipal Airport
  16. ELM – Horseheads, NY – Elmira/Corning Regional Airport
  17. ELP – El Paso, TX – El Paso International Airport
  18. EUG – Eugene, OR – Mahlon Sweet Field
  19. FMN – Farmington, NM – Four Corners Regional Airport
  20. FRG – Farmingdale, NY – Republic Airport
  21. FWA – Ft. Wayne, IN – Fort Wayne International Airport
  22. HFD – Hartford, CT – Hartford-Brainard Airport
  23. HOU – Houston, TX – William P. Hobby Airport
  24. IAH – Houston, TX – George Bush Intercontinental Airport
  25. ILG – New Castle, DE – New Castle County Airport
  26. JAN – Jackson, MS – Jackson-Evers International Airport
  27. JZI – Johns Island, SC – Charleston Executive Airport
  28. LAS – Las Vegas, NV – McCarran International Airport
  29. LAX – Los Angeles – Los Angeles International Airport
  30. MDW – Chicago, IL – Chicago Midway Airport
  31. MHR – Mather, CA – Sacramento Mather Airport
  32. MSY – Kenner, LA – Louis Armstrong International Airport
  33. OKC – Oklahoma City, OK – Will Rogers World Airport
  34. ONT – Ontario, CA – Ontario International Airport
  35. OPF –Opa Locka, FL - Opa Locka Executive Airport
  36. PDK – Atlanta, GA – Dekalb-Peachtree Airport
  37. PDX – Portland, OR – Portland International Airport
  38. PHF – Newport News, VA – Williamsburg International Airport
  39. PHL – Philadelphia, PA – Philadelphia International Airport
  40. PIT – Moon Township, PA – Pittsburgh International Airport
  41. PNE – Philadelphia, PA – Northeast Philadelphia Airport
  42. PSP – Palm Springs, CA – Palm Springs International Airport
  43. PWA – Bethany, OK – Wiley Post Airport
  44. PWK – Wheeling, IL – Chicago Executive Airport
  45. RIL – Rifle, CO – Garfield County Airport
  46. RNO – Reno, NV – Reno-Tahoe International Airport
  47. SBA – Goleta, CA – Santa Barbara Municipal Airport
  48. SBN – South Bend, IN – South Bend Regional Airport
  49. SCK – Stockton, CA – Stockton Metropolitan Airport
  50. SDF – Louisville, KY – Louisville International Airport
  51. SJC – San Jose, CA – Norman Y. Mineta San Jose International Airport
  52. SKF – San Antonio, TX – Lackland Air Force Base / Kelly Field Annex
  53. SMO – Santa Monica, CA – Santa Monica Airport
  54. SNA – Santa Ana, CA – John Wayne Airport
  55. SUN – Hailey, ID – Friedman Memorial Airport
  56. SWF – New Windsor, NY – Stewart International Airport
  57. TEB – Teterboro, NJ – Teterboro Airport
  58. TUL – Tulsa, OK – Tulsa International Airport
  59. TUS – Tucson, AZ – Tucson International Airport
  60. UES – Waukesha, WI – Waukesha 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. 1 2 https://www.macquarie.com/mgl/com/mic/investor-center/faqs
  3. ↑ "The holey dollar: a symbol of innovation". Macquarie Group. Retrieved 2016-05-02.
  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.
  8. ↑ "Complete Location List". Atlantic Aviation. Retrieved 2016-05-02.
  9. ↑ "Hawaii Gas company profile". Hawai'i Gas. Retrieved 2016-05-02.
  10. ↑ "Hawai'i Gas LNG". Hawai'i Gas. Archived from the original on 2014-09-23. Retrieved 2016-05-02.
  11. ↑ "About IMTT". International-Matex Tank Terminals. Retrieved 2016-05-02.
  12. 1 2 "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.
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