Our Impact
Conrac Solutions, United States
Background
In June 2023, Meridiam acquired Conrac Solutions (“CS”), a leading developer, operator and manager of consolidated rent-a-car facilities (“ConRACs”) at airports around the United States.
CS develops and manages ConRACs through long-term, PPP-like agreements with US airport authorities, designing, building, operating and maintaining the facilities on behalf of both the airports and rental car companies.
The platform reinforces Meridiam’s development and operating capabilities in helping to address growing airport infrastructure needs across the US, in view of growing passenger traffic, aging facilities, land-use constraints and industry decarbonization. CS is also expected to reinforce its own market leadership by leveraging Meridiam’s longstanding public sector relationships, including with key cities and airport authorities nationwide.
Meridiam will also have the option to invest directly into individual projects developed by CS, typically structured through PPP-like contracts with airport authorities and project finance schemes.
Stage:
In Operations
