Macquarie Infrastructure Partners Review: Infrastructure Private Equity Investment Focus

In-depth review of Macquarie Infrastructure Partners: their infrastructure investment thesis, portfolio companies, typical deal sizes, and how to prepare for investment.

Key Takeaways

  • •Focus on Energy, Distribution companies
  • •Investment range: $25M-$100M in equity
  • •Based in United States
  • •Active value creation approach
  • •Partnership-oriented philosophy

Notable Portfolio Companies

Macquarie Infrastructure Partners has built an extensive portfolio of essential infrastructure:

  • Atlantic Grid — Energy Infrastructure — Electric transmission
  • Phoenix Energy — Utilities — Gas distribution
  • Enterprise Gas Processing — Midstream — Natural gas processing
  • Southwest Water — Utilities — Water and wastewater
  • Great Lakes Ports — Transport — Port infrastructure
  • Midwest Gas Storage — Energy Infrastructure — Natural gas storage

What Macquarie Looks For

Macquarie Infrastructure Partners is a global infrastructure investor managing over $190 billion in assets across essential services with stable, contracted cash flows and strong regulatory frameworks:

  • Essential services — Assets providing critical services with limited substitution
  • Cash flow stability — Regulated or long-term contracted revenue streams
  • Operational excellence — Strong operational performance
  • Regulatory relationships — Strong regulatory standing
  • Long holding periods — Willingness to hold assets indefinitely

Pro Tip

Macquarie brings significant operational expertise and long-term capital. They look for assets with stable cash flows and strong regulatory frameworks.

How to Connect With Macquarie

Approaching Macquarie Infrastructure Partners requires demonstrating essential infrastructure quality:

  • Demonstrate Asset Essentiality — Prepare detailed analysis showing how your asset provides critical services
  • Showcase Cash Flow Stability — Present historical cash flows with regulatory frameworks or contracts
  • Present Operational Metrics — Show safety records, regulatory compliance, and operational efficiency
  • Leverage Industry Networks — Many deals come through infrastructure advisors or investment bankers
  • PE firms like Macquarie expect detailed financial information for infrastructure assets:
  • EBITDA profitability analysis and cash flow
  • Regulatory rate base
  • Contracted revenue coverage
  • Capital expenditure needs
  • Asset capacity and utilization
  • Remaining useful life
  • Regulatory framework
  • Competitive position

How Eagle Rock Helps

We help infrastructure companies prepare for PE investment by building detailed financial models, regulatory analysis, and investor-quality presentations. Our fractional CFO services ensure your company is ready for due diligence.

Pro Tip

Prepare detailed financial projections and operational metrics before initial meetings.

Frequently Asked Questions

What industries does Macquarie Infrastructure focus on?

Macquarie Infrastructure primarily invests in Energy, Distribution. The firm seeks companies with strong market positions and clear growth trajectories.

What size companies does Macquarie Infrastructure acquire?

Macquarie Infrastructure typically invests $25M-$100M in equity, targeting companies with enterprise values in the lower to middle market range.

What is Macquarie Infrastructure's typical investment size?

The firm's equity investments generally range from $25M-$100M, positioning them as active investors who can provide meaningful capital for growth.

How long does Macquarie Infrastructure's due diligence process take?

Due diligence timelines vary by deal complexity, but Macquarie Infrastructure typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with Macquarie Infrastructure?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does Macquarie Infrastructure work with portfolio companies?

Macquarie Infrastructure takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

Ready to Connect With Macquarie Infrastructure?

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This article is part of our Private equity firms | Eagle Rock CFO guide.