2022

Master ConcessionAir has been refinanced

Master ConcessionAir

Master ConcessionAir (MCA) is a leading independent operator of more than 275 airport concessions across 23 airports in the United States and manages a robust portfolio of national, licensed and proprietary brands focused on consistently delivering an exceptional customer experience for over 25 years. MCA provides full-service operations for all its exclusively contracted airport concessions and continues to be highly effective in building and operating venues due to its business acumen, expertise, reputation and strong relationships across the industry.

The Deal

MCA is in a period of transformative growth thanks to its successful track record of winning incremental concessions at existing airports as well as being awarded several new concessions at major airports. The most recent pipeline of 38 awarded units will provide MCA with continued airport penetration and accelerate its next phase of growth. Lincoln partnered with Regions Bank and, together, leveraged their deep understanding of the capital markets and industry expertise to provide the company with an optimal financing solution to support MCA’s growth strategy. The combined efforts resulted in the successful execution of a $125 million credit facility with ample room to finance current and future concession opportunities.

Peter Amaro Jr., Co-founder and Chief Executive Officer of MCA, commented, “Lincoln’s Capital Advisory Group took a collaborative approach with management in conveying the MCA story to prospective lenders, resulting in a successful financing outcome.” Amaro and MCA equity sponsor, Oscar Vila, thanked Lincoln and Regions for their support in quickly closing and funding the transaction. The new credit facility will also allow MCA to accelerate its M&A activities.

Our Perspective

Christine Tiseo, Managing Director in Lincoln’s Capital Advisory Group, stated, “Lincoln was pleased to be able to support MCA as the company continues on its exciting and impressive growth journey. MCA is well-positioned to continue to expand at current and new airports, and Peter and the management team have proven the company’s operational expertise is a differentiator in the industry. We are excited to watch management execute on MCA’s proven strategy as the company is taken to the next stage of its development.”

The Lincoln team continues to be a trusted advisor to MCA in solving the financing needs of our growth strategy, as evidenced by their role on the successful debt financing.
Peter Amaro Jr.
Co-founder and Chief Executive Officer of MCA

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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.