Concert Infrastructure Purchase of Majority Interest in Iqaluit Airport

On April 15, 2019 Concert Infrastructure announced its acquisition of a majority interest in Arctic Infrastructure Limited Partnership (the entity responsible for the improvement, operation and maintenance of the Iqaluit International Airport in Nunavut) from InfraRed Capital Partners Limited. With this acquisition, Concert Infrastructure assumes responsibility for the project, while Nunavut Airport Services Ltd., a subsidiary of Winnipeg Airport Authority, remains in charge of day-to-day facility and airport operations. This transaction furthers Concert’s focus on expanding its national presence and diversifying its portfolio.

Concert Infrastructure is an independent, long-term investor, developer and manager of public infrastructure, with a history of establishing significant partnerships and at the same time are able to secure solid investment opportunities for its pension plan investors.

InfraRed Capital Partners is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney.

Osler, Hoskin & Harcourt LLP represented Concert Infrastructure with a team consisting of Alex Gorka and Kevin Feng (Corporate), Danna Donald and Marissa Kirsh (Infrastructure) and Kaleigh Kuzma and Jamie Auron (Competition).