Meridiam Infrastructure North America Corporation

Meridiam SAS in its acquisition of a 50% stake in Northeast Anthony Henday Highway Concession from ACS and Hochtief Solutions

Client

Meridiam Infrastructure North America Corporation

Value

-

Service

Mergers and Acquisitions

Date Closed

July 2019

Industry

Infrastructure

Lead Office

Toronto


 

On July 1, 2019, Meridiam Infrastructure North America Corporation announced their acquisition of the design, build, finance and operate North East Anthony Henday Ring Road (NEAH) P3 Project from ACS Infrastructure Canada Inc. and HOCHTIEF PPP Solutions. With this acquisition Meridiam now holds a 100% stake in the NEAH project and will oversee the operation and maintenance of the Northeast Anthony Henday highway infrastructure for the next 27 years.

The NEAH highway was opened in October 2016. The NEAH highway consists of 27 km of 6- and 8-lane divided roadway (9 km of new construction and 18 km of highway reconstruction), 9 interchanges, 10 flyovers, twin bridge structure across the North Saskatchewan River, and a total of 48 bridge structures, as well as operation and maintenance of associated existing highway infrastructure. NEAH is the first free-flowing ring road in Canada, with an estimated 50,000 motorists using it every day.

Meridiam Infrastructure North America Corporation is an investment management firm specialized in managing public and community infrastructure projects.

Osler, Hoskin & Harcourt LLP advised Meridiam Infrastructure North America Corporation with a team consisting of Chris Bennett (Financial Services), Drew Morier (Tax), Mary Abbott and Kai Sheffield (Corporate).


Team
Chris Bennett
Key Contact

Chris Bennett

Partner, Chair of Financial Services Practice

Drew Morier | International Tax Lawyer

Drew Morier

Partner, Taxation

Mary  Abbott

Mary Abbott

Partner, Corporate

Kai Sheffield

Kai Sheffield

Associate, Corporate