Trajen FBOs To Become Part of Atlantic Chain

 - November 22, 2006, 6:00 AM

Macquarie Infrastructure, a New York subsidiary of Australia-based Macquarie Bank, late last month entered into an agreement to purchase Trajen Holding, including its network of FBOs, for nearly $339 million. Trajen operates 21 facilities and is in the process of acquiring two more that are expected to be a part of the Macquarie purchase. When Macquarie completes the transaction, the former Trajen FBOs will be combined with the nearly 20 Atlantic Aviation facilities to create a chain of close to 45 locations. Macquarie, which purchased Atlantic Aviation for about $238 million in 2004, apparently is satisfied with the condition and appearance of the Trajen facilities. “The sites are up to date and appropriate for the operations conducted there,” said Macquarie Infrastructure CEO Peter Stokes. “We expect to incur below-average maintenance capital expenditures in the near term with respect to these facilities.”