Macquarie Infrastructure reports on recovery from Hurricane Sandy Macquarie Infrastructure operating companies International-Matex Tank Terminals, IMTT, and Atlantic Aviation have largely recovered from the effects of Hurricane Sandy. Both businesses report a substantial return to normal operations after the storm. MIC expects its financial results for the fourth quarter to reflect approximately $2.3M in payments of insurance deductibles and less than $5M in total impact from the storm.
Macquarie Infrastructure completes conversion from LLC to corporation Macquarie Infrastructure announced that it has successfully completed a planned conversion to a Delaware corporation from a Delaware limited liability company. The conversion was effective at 12:01am on May 21. The conversion had no impact on the business or management of the company and has been treated as a tax-free exchange under relevant Internal Revenue Service regulations.