Dow Inc. sells equity in Gulf Coast assets to Macquarie Infrastructure Partners

Macquarie Group’s (MQBKY) Macquarie Asset Management announced that Macquarie Infrastructure Partners VI, or MIP VI, an unlisted infrastructure fund managed by Macquarie Asset Management, has exercised the option to acquire an additional 9% equity stake in select U.S. Gulf Coast infrastructure assets of Dow (DOW). This brings MIP VI’s total equity stake in Diamond Infrastructure Solutions to 49%. Diamond is a specialist infrastructure provider to Dow and other industrial customers at its five locations in Texas and Louisiana, offering comprehensive services to its tenants. Macquarie Asset Management has specific experience in managing and operating industrial parks, regulated utilities and other industry-oriented infrastructure platforms, and manages approximately $588.1B in assets.