Atlantic Aviation Enters Into Agreement to Acquire Orion Jet Center
15 August 2017 - 7:15AM
Business Wire
- Expands Florida presence into Greater
Miami
- Increases nationwide network to 71
locations
Macquarie Infrastructure Corporation (NYSE:MIC) announced that
its Atlantic Aviation subsidiary has entered into an agreement to
purchase the assets of Orion Jet Center at Miami-Opa Locka
Executive airport (OPF). The acquisition increases the Atlantic
Aviation network of fixed base operations (FBO) to 71 locations
throughout the US. Terms of the transaction were not disclosed.
“We are pleased that the team at Atlantic Aviation continues to
expand the network of fixed base operations with quality facilities
like the Orion Jet Center at OPF,” said James Hooke, chief
executive officer of MIC. “South Florida is one of the fastest
growing general aviation markets in the US and the acquisition of
one of the largest FBOs in the region is expected to provide
Atlantic with substantial network benefits.”
“Through the hard work and dedication of our staff, Orion Jet
Center has experienced unprecedented growth since opening in 2009,”
said founder Leonard Abess. “Atlantic Aviation is well positioned
to continue the success we have enjoyed. We look forward to our
ongoing involvement in the transformation of the Airport as we
develop the remainder of our leasehold.”
Orion Jet Center features over 200,000 square feet of newly
constructed hangar space, the largest of which is capable of
handling Global Express sized aircraft. The facility also includes
36,000 square feet of office and maintenance space. The recently
renovated executive terminal at Orion includes three conference
rooms, a crew lounge, showers and sleep rooms and a VIP lounge.
Closing of the transaction is expected in the third quarter of
2017, subject to satisfaction of conditions including receipt of
relevant government and regulatory approvals.
About Atlantic Aviation
Atlantic Aviation, headquartered in Plano, Texas, provides a
wide range of aviation services and a dedicated concierge service
for general aviation aircraft owners and pilots across the United
States. More information about Atlantic Aviation can be found at
www.atlanticaviation.com.
About MIC
MIC owns and operates a diversified group of businesses
providing basic services to customers in the United States. Its
businesses consist of a bulk liquid terminals business,
International-Matex Tank Terminals, an airport services business,
Atlantic Aviation, entities comprising an energy services,
production and distribution segment, MIC Hawaii, and entities
comprising a Contracted Power segment. For additional information,
please visit the MIC website at www.macquarie.com/mic. MIC-G
MIC is not an authorized deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of MIC do not represent deposits or other liabilities
of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not
guarantee or otherwise provide assurance in respect of the
obligations of MIC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170814005978/en/
MICInvestorsJay A. Davis, 212-231-1825Investor
RelationsorMichael Hacke, 212-231-6483Investor
RelationsorMediaMelissa McNamara, 212-231-1667Corporate
Communications
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