Seeking Alpha: Macquarie Infrastructure Gets Bigger And Better

It's not often that an M&A transaction expands a company's present-day business, improves its tax situation, upgrades its growth prospects, and removes operating risk from the business. And yet, Macquarie Infrastructure Company LLC (NYSE:MIC) achieved all of that when it bought its partners' 50% interest in International Matex Tank Terminals (or IMTT)). I liked Macquarie back in December and even after this 30% run in the shares I still believe the shares are an undervalued play on quality infrastructure assets.

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Macquarie Infrastructure Gets Bigger And Better