We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Macquarie Infrastructure Company (MIC)
MIC 3.720+0.5%Oct 18 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw6/19/2007 11:18:17 AM
   of 10
Macquarie to Buy SJJC Aviation
Monday June 18, 6:10 pm ET

Macquarie Infrastructure to Acquire SJJC Aviation Services in Expansion of Mercury Air Deal

NEW YORK (AP) -- Macquarie Infrastructure Co., which provides fueling and aircraft storage services, said Monday it has agreed to acquire SJJC Aviation Services LLC.

SJJC Aviation Services LLC owns fixed base operations doing business as San Jose Jet Center and ACM Aviation, Macquarie said.

The deal is an expansion of the acquisition of Mercury Air Centers originally announced in April, the company said.

With the agreement to buy SJJC, Macquarie will acquire a total of 26 fixed base operations in the Mercury transaction. The total purchase price will be about $615 million, the company said.

In addition, Macquarie said it expects to spend $18 million for a new hangar. The deal is expected to close in the third quarter, the company said.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext