Macquarie Acquires Addl. Wind Power Generation Facilities, Fixed Base Operation

(RTTNews) - Macquarie Infrastructure Co (MIC)on Monday said it has completed the acquisition of an additional stake in Idaho Wind Partners (IWP), a 183 megawatt power generation project located near Twin Falls, Idaho, taking its total interest in the project to 72.4%. The company acquired an initial interest in IWP in July of 2014.

Macquarie also announced that its airport services subsidiary, Atlantic Aviation, has agreed to buy the Showalter Flying Service fixed base operation at Orlando Executive Airport. The deal is expected to close in the first quarter of 2015, and will increase the number of locations in the Atlantic Aviation portfolio to 69. Terms of the transactions were not disclosed.

Macquarie said that based upon recent activity levels, it now expects to generate underlying Free Cash Flow per share for 2014 that is marginally above previous estimate of $4.55 and, Free Cash Flow per share in 2015 of at least $5.25 - also higher than prior guidance.