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 United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

, 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 New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. 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 Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

-based

Macquarie Group Macquarie Group Limited (), more commonly known as Macquarie Bank, is an Australian multinational investment banking and financial services group headquartered in Sydney and listed on the ASX (). Macquarie's investment banking division is Au ...

Limited.

History

The company took its name from Macquarie Bank, which took its name from

Lachlan Macquarie Major-general (United Kingdom), Major General Lachlan Macquarie, Companion of the Order of the Bath, CB (; ; 31 January 1762 – 1 July 1824) was a British Army officer and colonial administrator from Scotland. Macquarie served as the fifth Gove ...

, who was Governor of

New South Wales New South Wales (commonly abbreviated as NSW) is a States and territories of Australia, state on the Eastern states of Australia, east coast of :Australia. It borders Queensland to the north, Victoria (state), Victoria to the south, and South ...

. One of his achievements includes the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the

Holey dollar Holey dollar is the name given to coins used in the early history of two British settlements: Prince Edward Island (now part of Canada) and New South Wales (now part of Australia). The middle was punched out of Spanish dollars, creating two pa ...

. Macquarie's logo is a stylized version of Holey dollar coin. 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. 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). 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 Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

. 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 Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...

limited liability company A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

to a Delaware corporation. On July 21, 2022, Macquarie Infrastructure Holdings, LLC (“MIC”) announced that it completed its previously disclosed merger with an affiliate of Argo Infrastructure Partners, LP and the units of the Company were delisted from the New York Stock Exchange. MIC completed sales of its International-Matex Tank Terminals business in 2020 and its Atlantic Aviation business in 2021.

Subsidiaries

* Atlantic Aviation * MIC Hawaii (formerly Hawai'i Gas) * CP&E

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 Hawaii ( ; ) is an island U.S. state, state of the United States, in the Pacific Ocean about southwest of the U.S. mainland. One of the two Non-contiguous United States, non-contiguous U.S. states (along with Alaska), it is the only sta ...

. 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 Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...

, changing its name from The Gas Company to Hawai'i Gas, to reflect its position on changing Hawaii's energy future.

International-Matex Tank Terminals

International-Matex Tank Terminals (IMTT), founded in 1939 and based in

New Orleans, Louisiana New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...

, 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. 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. Macquarie Infrastructure Group purchased 50 percent stake in 2006, and assumed full ownership in 2014. ;Storage Terminal Locations #

Richmond, CA Richmond is a city in western Contra Costa County, California, United States. The city was incorporated on August 3, 1905, and has a city council.Joliet, IL Joliet ( ) is a city in Will and Kendall counties in the U.S. state of Illinois, located southwest of Chicago. It is the county seat of Will County. It had a population of 150,362 at the 2020 census, making it the third-most populous city i ...

Lemont, IL Lemont is a village located in Cook, DuPage, and Will counties in the U.S. state of Illinois, and is a south-west suburb of Chicago. The population was 17,629 as of the 2020 census. The village is situated on a hillside along the south banks of ...

Avondale, LA Avondale is a census-designated place (CDP) in Jefferson Parish, Louisiana, United States, on the west bank of the Mississippi River. The population was 4,582 in 2020. It is part of the New Orleans– Metairie– Kenner metropolitan sta ...

# Geismar, LA # Gretna, LA # St. Rose, LA # Bayonne, NJ # Chesapeake, VA #

Richmond, VA Richmond ( ) is the List of capitals in the United States, capital city of the Commonwealth (U.S. state), U.S. commonwealth of Virginia. Incorporated in 1742, Richmond has been an independent city (United States), independent city since 1871. ...

Quebec, Canada Quebec is Canada's largest province by area. Located in Central Canada, the province shares borders with the provinces of Ontario to the west, Newfoundland and Labrador to the northeast, New Brunswick to the southeast and a coastal border ...

# Placentia Bay, Newfoundland

References

External links

Macquarie Infrastructure Corporation

Atlantic Aviation

MIC Hawaii

International-Matex Tank Terminals
{{authority control Aerospace companies Aircraft ground handling companies Airport operators of the United States Companies based in New York City Companies listed on the New York Stock Exchange Organizations established in 2004