NEWS

April 19, 2007

Acquisition Will Create the Largest FBO Chain in U.S.

CONTRIBUTOR: Atlantic Aviation

Macquarie Infrastructure Company (NYSE : MIC), the parent of Dallas-based Atlantic Aviation, has entered into an agreement to acquire 100% of Mercury Air Centers Inc. ("Mercury"), the owner and operator of a chain of 24 FBOs at 22 airports across the U.S.

 

The acquisition is expected to close during the third quarter of 2007, and the Mercury sites will be combined with Atlantic's existing national network of FBOs. The combined operations, together with the pending Supermarine acquisition, will take the total number of Atlantic locations from 44 to 68.

 

"Adding the Mercury portfolio to our network is groundbreaking news for Atlantic and our customers," said Atlantic CEO, Louis T. Pepper. "Once the deal is completed, Atlantic will operate as the largest FBO chain in the country, offering more locations in more states with the same high quality of service coast-to-coast."

 

"Importantly, the acquisition has no overlap with our existing locations, and all 24 Mercury FBOs will add to the existing large choice of destinations that Atlantic customers already enjoy," he said. "We're excited to be adding a presence in all of these new locations, which include Atlanta-Peachtree (PDK), Nashville (BNA), Los Angeles (LAX) and Reno (RNO)."

 

Atlantic CEO Lou Pepper will lead the integration of the two portfolios. In 2006, Pepper led the integration of the Trajen FBO network with Atlantic. In 2005, he concluded the successful merger of the AvCenter locations in the Northeast and Las Vegas Executive Air terminal into Atlantic's operations.

 

The integration will include combining corporate center functions with Atlantic's existing operations in Dallas and is expected to take 12-18 months following closing of the transaction in the third quarter of 2007.

 

Existing management of the locations included in the acquisition will be integrated into Atlantic's existing regional management structure, which will also be bolstered by a small number additional management staff in key new markets.