Meridiam completed the acquisition of Conrac Solutions from InfraVest.

Meridiam, an infrastructure developer, investor and manager, committed to delivering sustainable and resilient infrastructure that delivers positive impact for communities for the long term, completed the acquisition of Conrac Solutions, a company that specializes in developing and operating consolidated rent-a-car facilities in partnership with airports and the rent-a-car industry across the US, from InfraVest, a standalone investment manager supported with committed capital from long-term institutional investors. Financial terms were not disclosed. “Meridiam is the ideal long-term partner for Conrac Solutions. Not only does this acquisition demonstrate confidence in our unique business model and outstanding team, it paves the way for continuing to provide optimal services to the rent-a-car industry and airports across the country with a strong strategic partner aligned at the intersection of airport infrastructure, mobility, and the important ongoing objectives of environmental impact and operational efficiency.” About Northborne’s involvement, Michael Minerva commented, “The Northborne team’s acquisitions experience was instrumental in allowing Conrac Solutions to navigate complex negotiations and ultimately complete the transaction to support our continued growth,” Michael Minerva, Conrac Solutions CEO.